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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...

Afternoon Brief, June 11th

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Hot Brands and Instagram Are Fueling Rosé Wine’s Phenomenal Growth Rate in the U.S. Market: With National Rosé Wine Day scheduled for this weekend, it is a useful time to examine the causes of the phenomenal growth in popularity of rosé in America. According to a recent report by bw166, a global market research firm for alcohol beverage, U.S. rosé sales volume increased by an astounding 1433% from 2010 to 2020...

Afternoon Brief, June 8th

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Vintage Wine Estates and Bespoke Capital Acquisition Corp. Announce Closing of Business Combination: Vintage Wine Estates, one of the fastest growing U.S. wine producers with an industry leading direct-to-consumer platform, today announced that it has completed its previously announced business combination with Bespoke Capital Acquisition Corp., a publicly-traded special purpose acquisition company...

Afternoon Brief, April 23rd

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Krasilsa Pacific Farms Sells Sonoma County Vineyard for $4.7 Million: A Sonoma County vineyard belonging to a partnership led by well-known wine executive Hugh Reimers has been sold for about $4.7 million, according to county records...

Wasatch to Invest $100 Million in Bespoke Capital Acquisition Corp and...

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TORONTO and SANTA ROSA, Calif., April 23, 2021 (GLOBE NEWSWIRE) -- Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) (“BCAC” or “Bespoke”)...

Afternoon Brief, March 15th

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Gallo Aims for a Diverse Wine Portfolio to Embody and Reflect a Diverse World: In December last year the Federal Trade Commission finally approved the acquisition by E. & J. Gallo Winery (Gallo) of more than 30 wine brands from Constellation Brands, Inc., which was first announced in April 2019...

Afternoon Brief, February 5th

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Online Boom Behind Uber's Drinks Push: The implications of Uber's takeover of Drizly could be huge for retailers – and consumers...

Afternoon Brief, February 4th

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Vintage Wine Estates, One of the Fastest Growing U.S. Wine Producers, to Become a Public Company: Bespoke Capital Acquisition Corp., a publicly-traded special purpose acquisition company, and Vintage Wine Estates, one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform, announced today a definitive agreement for a business combination that would result in VWE becoming a publicly traded company...