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Afternoon Brief, January 19th

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Following a Mixed Year for the US Wine Industry, Silicon Valley Bank Predicts Generational Shifts and Climate Change Will Be Turning Points for Wine Industry in Years Ahead: Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today released its 2022 State of the Wine Industry Report. The 21st edition of the annual report assesses current conditions in the wine industry and provides a unique forecast for the year ahead based on proprietary research and economic and behavioral trends among consumers...

Vintage Wine Estates Expands Production Capabilities and Capacity with Acquisition of...

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Midwest custom production facility increases supply chain efficiencies and provides platform for further growth January 18 - SANTA ROSA, Calif. -- Vintage Wine Estates, Inc. (NASDAQ:...

Afternoon Brief, December 27th

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After Four Harrowing Years of Smoke and Fires, Bay Area Wineries Rejoice in a ‘Normal’ Harvest: Bay Area winemakers will remember 2021 as the year without wildfires. In sharp contrast to the last several years, no Wine Country estates were destroyed, no Cabernet grapes tainted by smoke, no fermentations abandoned in the wake of an emergency evacuation order...

Afternoon Brief, November 19th

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Washington’s Protectionist Wine Shipping Laws Put Damper on Holiday Gift Giving: Washingtonians during the upcoming holiday season will once again have to forgo giving wine as a gift to their family and friends in the Evergreen State due to archaic and protectionist laws that ban the shipment of most wines into the state...

Afternoon Brief, November 15th

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Vintage Wine Estates Acquires ACE Cider: Vintage Wine Estates, Inc., one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced the acquisition of ACE Cider, The California Cider Company, which is expected to close November 16, 2021...

Vintage Wine Estates Acquires ACE Cider

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Leading Brand Expands Product Portfolio and Launches Complementary New Sales Channel, Adds a top independent craft cider brand with a 25+ year legacy of...

Vintage Wine Estates Direct-to-Consumer Business Grows 37% Driving Total Revenue to...

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Upgrades Annual Revenue & Adjusted EBITDA Guidance Executing on omni-channel, multi-brand strategy with expanded bottling capacity to drive growth and margins; delivering growth while...

Afternoon Brief, October 1st

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How Would a TTB Shutdown Affect You?: Not for the first time and probably not for the last, the federal government has narrowly averted a shutdown. Congress agreed on a short-term spending bill that will keep nonessential federal agencies funded though December 3, 2021...

Afternoon Brief, September 29th

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US Wine Sales Looking Up: It's been a rocky year, but the signs are promising in the world's largest wine market...

Afternoon Brief, August 31st

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Fire Watch: Caldor Fire Burns Big Doubling in Size: The Caldor Fire is only 16% contained as it continues its trajectory toward vacation paradise, Lake Tahoe. Fortunately, it has only skirted vineyards and wineries in Amador and El Dorado Counties...

Afternoon Brief, August 5th

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Santa Rosa Wine Executive Notes Interest in Cannabis Sector Will Grow in Future Years: A top local wine executive said Thursday said that the lines between the wine industry and the cannabis are increasingly blurring with more companies poised to enter the market as legalization at the federal level appears inevitable...

Afternoon Brief, July 23rd

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California Wine Sales Hit $40 Billion in 2020, Despite Pandemic: California wineries experienced an increase in sales by volume in 2020, with 240.3 million cases shipped within the United States, up 1% from the previous year, totaling an estimated retail value of $40 billion...

Afternoon Brief, July 20th

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Vintage Wine Estate President, Terry Wheatley, Keynote Speaker for Wine & Weed Symposium 2021: In her keynote address, Wheatley promises, “There will definitely be some 100% not politically correct storytelling.”...

Afternoon Brief, June 25th

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NYC Restaurants Stuck with Thousands of Dollars in Unsold Wine as State Ends Takeout Alcohol Program: Some New York City restaurants have been selling bottled alcohol for the last 15 months. Now they have to clear their inventories in a day...

Afternoon Brief, June 22nd

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Vintage Wine Estates, Inc. Completes Acquisition of the Sommelier Company: Vintage Wine Estates, Inc., one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform, today announced that it has completed its acquisition of The Sommelier Company. Founded by Principal Jörn (“Joey”) Kleinhans PhD, CFA, in 2013, The Sommelier Company is a global provider of independent wine and spirits expertise, private tasting events and education...