William Hambrecht has sold Floodgate Vineyard in the Russian River Valley AVA. Hambrecht previously told Wine Executive News that the funds were earmarked to pay a raft of court judgments, settlements and personal guarantees estimated at more than $11 million. The funds are also owed to the mortgage holder on the property which had previously […]
O’Jays Rap Diageo For The Love Of Money
June 20, 2013
Two members of the O’Jays recording group have sued Diageo and its advertising agency, Grey Global for more than $1 million alleging commercial contracts violations involving their 1974 hit “For The Love Of Money.” UNAUTHORIZED USE O’Jays members Walter Williams, Sr. and Eddie Levert say that Diageo used their performances of “For The Love Of […]
Truett-Hurst Insiders Bail Out IPO, Trading Begins
UPDATE: THST down $0.47 in early trading. Truett-Hurst’s (THST, Nasdaq) troubled effort to offer its stock to the public finally began after company insiders agreed to pony up what could be more than $1 million to buy orphan shares that outside investors had not been willing to purchase. The THST offering is a modified […]
Truett-Hurst Loses Major Distributor
June 13, 2013
Truett-Hurst (Nasdaq-THST) filed the latest amendment to their troubled IPO on June 6, this after lowering its price for a second time on May 22 (Truett-Hurst Drops Offering Price Again). While most of the changes are trivial formatting and minor tweaks, the major edits point toward the loss of some major distributor support and an […]
8 Things Your Wine Business Needs To Know For Asian & Global Success
June 12, 2013
The expected slowing of growth in the main Chinese market, has received a ton of negative headlines predicting woe and collapse for wine industry marketing there. The nascent trade war between the EU and China has only helped darken the clouds overhead. Despite that, Pernod Ricard, the world’s second-largest alcoholic beverage company — and fourth-largest […]