Cosentino Defaults On Loan Interest, Says Current Banks Won’t ReFi

April 9, 2009

Napa Valley’s Cosentino Signature Wines said it is in talks with third parties over a refinancing of its $18 million debt facility after the company’s main lenders indicated that they were unlikely to be able to restructure the finance facilities. The company is traded on the London Stock Exchanges AIM listings as MCOZ.L (Company investment […]

March Wine Sales Dive, Champagne Goes Splat, Reversing Two Months of Healthy Gains

April 8, 2009

After two months of spectacular gains, overall U.S. table wine sales plummeted in March,  barely avoiding negative territory, according to Wine Industry Insight’s analysis of data from Information Resources Inc. Total U.S. table wine sales clawed out a 0.1 percent increase in dollar volume for the four-week period ending March 22, 2009 over the same […]

Varietal Winners & Losers: 1.5L Pinot On Top, All Syrah On Bottom

April 1, 2009

Sauvignon Blanc in 1.5-liter bottles topped the list of varietal sales winners with a 20.4 percent dollar sales increase for the four-week period ending Feb. 22. according to data from Information Resources Inc. (IRI) with additional analysis from Wine Industry Insight. Even more impressively, Sauv Blanc showed a 25.1 percent increase for the 52-week period. […]