Sales of domestic table wines continued their upward climb in the four-week period ending July 12, 2009, while imports edged into negative territory. According to Wine Industry Insight’s analysis of data from Information Resources Inc, U.S. wines posted a 5.1 percent gain over the same period last year while combined domestic and imported sales rose […]
Bidders For New Vine Assets Say Auction Process Biased To Favor IBG
July 22, 2009
The assets of New Vine Logistics (NVL) will almost certainly wind up in the hands of Inertia Beverage Group (IBG) say both currently registered bidders and those who have dropped out of the July 27 auction because of what they allege is a “stacked deck.” PROCESS LIKENED TO “INSIDER TRADING” While Silicon Valley auction house, […]
Conti Ch11: Bank Pressing Foreclosure, Liquidation in Store?
The Bank of Alameda — which holds more than $3.5 million in liens against the Conti Estate/Charles B. Mitchell Winery — has mounted a full-court press to foreclose on the winery property, equipment and inventory. If approved, the move could make a Chapter 7 liquidation more likely. The U.S. Bankruptcy Court for the Eastern District […]
Scattered Consumption Pattern for June 2009 Could Indicate Transition To Higher-Priced Sales
July 15, 2009
The June 2009 scanner data from Information Resources Inc. shows that consumers continued the inconsistencies from May. While lower price-points dominated as expected, some pricey wine segments substantially out-performed more value-priced bottles. The good news could be that the scattered consumption pattern may indicate a transition period as consumers see better times and are willing […]
Top 100 Brand Winners and Losers For June 2009
July 7, 2009
While overall wine sales grew in June, so did the pain for the Top 100 largest table wine brands. Wine Industry Insight’s analysis of data from Information Resources Inc. (IRI) shows that 41 of the Top 100 showed sales declines for the four-week period ending June 14, 2009 over the same period last year. That […]