Vintage Wine Estates is expected to close on the purchase of Viansa Winery this week, according to multiple sources knowledgeable about the transaction. The sale price and more details are available to Wine Executive News premium subscribers. The troubled winery — more famous for wedding events, family problems and feuds with its neighbors than its […]
Crimson Wine Revenues Up 25%, Net Income Soars
August 15, 2013
Crimson Wine Group revenues for the past six months have increased 25.18% over the same period in 2013, producing a net income of $2.212 million versus a loss of just over half a million dollars last year. According to the company’s quarterly 10-Q statement filed with the Securities and Exchange Commission, this resulted in six-month […]
Huge Sta. Rita Hills Property Sold For Start-Up Winery
August 5, 2013
A San Fernando-Valley entrepreneur has bought 477 acres in Santa Barbara County’s Sta. Rita Hills AVA where he plans to start a winery. Ofer Zvi Shepher, co-owner and Sr. VP of Encino, CA-based Life Alert Emergency Response, bought the property to use for Spear Winery which is now in the planning stages. Sale price is […]
Yountville’s Nuisance Vineyard: The Court Documents
August 2, 2013
Our July 23 issue of News Fetch linked to an article about the Napa County Ag Commissioner’s lawsuit against an unkempt vineyard in Yountville. In its lawsuit, the Ag Commissioner said the owners must clean up the vineyard because is a potential reservoir for pests including the European Grapevine Moth. See, “County takes ‘public nuisance’ […]