The Wine Club Takes On A New Partner

December 24, 2008

Ron Loutherback told Wine Industry Insight on Tuesday that he and co-owner Marjorie Loutherback have sold part of The Wine Club to a new partner. “We’ve taken on a new partner,” Loutherback said. “But Marjorie and I are still with the business. We’re not going anywhere.” He said he would not be revealing the new […]

Sebastiani/Foley Acquisition Update

December 22, 2008

The CIA has nothing on Sebastiani when it comes to keeping confidential information secret. However, Sebastiani Vineyards and Winery did offer a few more details in a news release today which WII’s Saturday article did not contain. According to the release, Credit Suisse Securities (USA) LLC acted as exclusive financial adviser and Sheppard, Mullin, Richter […]

Sebastiani Winery Sold to Foley Wine Group

December 20, 2008

Sebastiani Vineyards and Winery has been sold to Santa Barbara County-based Foley Wine Group. The pending sale was announced Friday night by Richard A. Cuneo, chairman of the Sebastiani board. The transaction comes amid the beginnings of a sag in real-estate prices as effects of the global recession begin to depress winery and vineyard values. […]

Gallo’s Proposed Boundaries For Expanded Russian River Valley AVA Violate Federal Regulations

December 18, 2008

E&J Gallo’s proposed boundaries for an expanded Russian River Valley AVA violate federal regulations, according to a Wine Industry Insight investigation based on TTB documents, on-site topological examinations, Google Street Views, U.S. Geological Survey maps and numerous other documents and sources. Regulations issued by the Alcohol and Tobacco Tax and Trade Bureau (TTB) require petitioners […]

Gallo’s Two Rock Vineyard – Lack of Transparency Questions Legitimacy of Process

December 15, 2008

Looking at the TTB’s process for expanding the Russian River Valley AVA shows a lack of transparency, bureaucratic disorganization, fractured filings and missing information. The chaotic and obscure character of the process makes it more probable that the TTB’s decision will be made on the basis of spin, hyperbole, lobbying and hearsay rather than on […]

Copia Headed For Liquidation

December 12, 2008

As WII reported on Tuesday, Copia’s board is looking for an orderly wind-down, is headed for liquidation, and is unlikely ever to open again. “It’s over,” one board member told Wine Industry Insight Friday morning. “We’ve met; we’ve talked; we’ve come up with no options other than an orderly end. Copia previously locked its doors, […]