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Lewis Perdue is an entrepreneur, technologist, scientist, professor, author, publisher, journalist, and outdoorsman. Click here for more on Lew. Email Lew at: lewis[dot]perdue[at]wineindustryinsight[dot]com
Truett-Hurst Pays $2.1 Million In Fees For IPO
Truett-Hurst ‘s 8-K SEC filing of June 25 stated, among other things, that it had netted $14.1 million on an IPO that had raised $16.2 million from investors. Among those $2.1 in expenses are are fees paid to the underwriters of the IPO including: W.R. Hambrecht + Co., which led the offering, along with CSCA […]
NEWS FETCH – June 25, 2013
TOP NEWS Hambrecht Sells Floodgate Vineyard To Pay Obligations Climate Change Unlikely To Seriously Affect Northwest Wine French floods: Much of southwest declared disaster zone Back to the 1940s: What Happens If The Farm Bill Expires Senator Calls Out USDA For Funding Winery Subsidies Chilean harvest emerges from ‘perfect storm’ Falling Aussie dollar: extra juice […]
Hambrecht Sells Floodgate Vineyard To Pay Obligations
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 will also go to pay off the mortgage holder on the property which […]
NEWS FETCH – June 24, 2013
TOP NEWS Trail of thefts followed Napa wine executive Travel and tourism spending outpacing nation’s economy Breaking China Diageo’s $2.1 Billion Turkish Hangover To Kalon vineyard renamed in honour of Robert Mondavi Does IPM Effectively Reduce Pesticide Residues in Wine? FAO Releases Annual Outlook for Food and Agriculture CALIFORNIA BRIEFS Gallo’s Carlo Rossi products designed […]
NEWS FETCH – June 21, 2013
TOP NEWS China, French online sites threaten wine.com in new performance study Southern Wine Nevada wins lawsuit against Calif Distro Restaurant fee claim against American Express Nixed Farm bill crashes in House: What ‘s next? Farmland values still climbing, but pace slows Chinese import tax not likely for at least eight months CALIFORNIA BRIEFS New […]
Truett-Hurst Shares Down Amid Tough Stock Market
Launching an IPO on the day that the stock markets in general had their worst day of the year just sucks. No question. The Dow, S&P and Nasdaq all lost 2.3% to 2.5% of value on the day that Truett-Hurst shares started trading. One Helluva “welcome to the neighborhood” sucker punch. THST closed down 5.5% […]
NEWS FETCH – June 20, 2013
TOP NEWS Truett-Hurst Insiders Bail Out IPO, Trading Set To Begin Fed Facts: What Does the End of QE Mean for Wine? GPS tracks down man accused of stealing $500K in wine O’Jays Rap Diageo For The Love Of Money Members of Congress meet with Interior Secretary over twin tunnels plan CALIFORNIA BRIEFS Napa Farmworker […]
O’Jays Rap Diageo For The Love Of Money
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.” Wine Executive News subscribers please click here to read the complete article. Also In This Article: The full text of the […]
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 “Dutch […]
NEWS FETCH – June 19, 2013
TOP NEWS Gallo Seizes Upscale Calif Opportunity Wine Consumer Advocacy Group Launched Templeton’s Rotta Winery Sold To Investor Group What wine region deserves World Heritage status?? CHINA China: Number 6 wine-Producer By 2016 Fear of Chinese Blockade Fear Speeds Bordeaux Wine Shipments China/EU Trade War Dominates Vinexpo Yunnan Red, anyone? Chinese wine heads to Europe […]
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