Rabobank, W.J.Deutsch Take Massive Write-Downs As Court Clears Way For Renwood Winery Sale

May 31, 2011

The sale of financially troubled Renwood Winery has moved a step closer with the  approval of a consent agreement that will allow the assets to be sold free and clear of liens and lawsuits. Robert S. Bardwil, U.S. Bankruptcy Court Judge for the Eastern District of California, has approved a compromise consent agreement in the […]

Lipman Buys Tenn. Wine & Spirits – Distributor Consolidation Shaking Up State

May 18, 2011

A little more than a year after Warren Buffett shook up the wine and spirits distribution world by buying Tennessee’s largest distributor, the state’s second largest — Lipman Brothers, — has signed a deal to buy its smaller rival Tennessee Wine and Spirits (TWS). While neither company’s CEO was available for comment, sources close to […]

UPDATED: Ascentia’s Farrell & Buena Vista Sales: More Than Meets The Eye (And Less)

May 11, 2011

UPDATE, May 11: A source close to the sale informed Wine Industry Insight that the total sale price of the winery was closer to $25 million. ———– Original Article Continues Below ————– The late April sales of Gary Farrell Winery and Buena Vista Winery by Ascentia Wine Estates hold more than meets the eye … […]

Metro Premium Wines Sues Bogle, Winebow

May 4, 2011

Metro Premium Wines has sued Bogle Vineyards and Winebow, charging them with ten counts including breach of contract, fraud, and conspiracy. The lawsuit, originally filed in Cook County (Chicago) Circuit Court, has been transferred to federal court for the Northern District of Illinois, Eastern Division. Bogle Vineyards says it terminated Metro Premium as its distributor […]

Nielsen: Wine Sales Gain At the Expense of Discounting, Aussies Buried By Their Own Dollar

May 3, 2011

High-end wines continued their dominance of off-premise sales gains, according to scanner data from The Nielsen Company for the 52-week period ending April 2, 2011. Most gains, however, came at the expense of price discounts. Overall wine sales were up  3.2% with U.S. wines gaining 4.8 % and imports down 0.4 %. ALL BUT ONE […]