Wine Industry Insight’s analysis of data from Information Resources Inc. shows that while many unexpected price/varietal categories have shown astonishing growth, most of the top 10 market mainstay categories — moderately priced Chardonnay, Cab and white Zin — have lost share, or have maintained some growth through price reductions. OLD STANDBYS NO LONGER LEADING GROWTH […]
IRI/WII: What Are Consumers REALLY Drinking. Much Of What You Think Is Wrong.
May 18, 2009
The wine industry’s perception that box and value brands own all the growth categories is wrong. This broad-brush conviction may have been true six months ago, but it is not justified by a detailed and current look at what consumers are really buying. The market is in flux and opportunities exist for those willing to […]
Aqua Dulce Vineyards Files For Chapter 11
May 13, 2009
Family owned Aqua Dulce Vineyards of Santa Clarita has filed for Chapter 11 in U.S. Bankruptcy Court for the Central Division of California. On May 12, Judge Kathleen Thompson approved Aqua Dulce’s requests to honor pre-petition customer obligations and provide utility companies with proof of their ability to pay. Judge Thompson also gave Aqua Dulce […]
April Wine Brand Winner And Loser Data Show Overall Market Improvement
The overall environment for the top 100 largest-selling brands improved in April with just 25 reporting sales declines versus 47 losing in March. SOLID GAINS FOR THE TOP 10 WINNERS Data from Information Resources Inc. (IRI) for the four-week period ending April 19, show solid overall sale gains — up to 96.6 percent — for […]
Copia Appraisal Reveals Drop In Value, Big Challenges For Potential Buyers
May 11, 2009
Flooding, high maintenance costs, awkwardly configured spaces and an unfavorable ground-lease will aggravate the challenges of the current recession for any potential buyer of the bankrupt Copia assets according to the full version of a current appraisal recently made part of the court records. Because of the intensive research, analysis of comparable land and building […]
Conti Bankruptcies Consolidated, Judge Calls Corporation “A Mere Shell”
May 4, 2009
The personal and corporate finances of Michael and Michelle Conti are too intermingled with their winery to justify two bankruptcy proceedings according to the judicial order of Bankruptcy Judge Michael S. McManus who ordered a consolidation of the two cases. DIVORCE PROCEEDINGS ALLEGED, DENIED In addition, Robert A. Luciano, the bankruptcy trustee appointed by the […]
April Domestic Wine Sales Up 9.5%, All Price-Points Gain
Domestic table wine sales posted a healthy 9.5-percent gain for the four-week period ending April 19, according to Wine Industry Insight’s analysis of data from Information Resources Inc. Sales tracked by the data account for approximately 63 percent of all wine sold in the United States and is weighted in favor of popular and value […]