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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
Beringer/Constellation Rumors + Other Interesting Bits
GIVE CREDIT WHERE IT’S DUE Wine Industry Insight readers have noticed that it gives credit to other reporters and publications whenever it uses their data. It’s just the honest, ethical thing to do. After all, a lot of work is involved in gathering and writing the news. Sure, the law says that facts cannot be […]
UPDATE: Stevenot Owes $5.75 Million To Deed Holder
Stevenot Winery’s hurried Chapter 11 filing (see previous story) was precipitated by a foreclosure sale scheduled by Santa Rosa’s Bay Sierra Financial, Inc., which holds first trust deeds on the winery and adjacent vineyard. According to Bay Sierra’s John Graziano, Stevenot owes $2,470,000 on the deed for the winery and $3,282,500 on the adjacent vineyard. […]
Stevenot Files Ch. 11 For Second Time
Faced with a foreclosure sale scheduled for today, troubled Stevenot Winery filed for Chapter 11 reorganization on Friday, Jan. 9, in U.S. Bankruptcy Court for the Central District of California, in Sacramento. Under previous ownership, the Murphys, CA winery had filed for Chapter 11 on January 24, 2005 and emerged from that proceeding June 21, […]
Copia To Liquidate, Then Transform Itself Into For-Profit Enterprise
Copia, Robert Mondavi’s visionary wine and food center, received permission Friday morning for a procedure that calls for it to liquidate all of its assets, pay employees’ priority wage claims then create a plan to transform the real estate and remaining assets into a for-profit enterprise. Copia has liabilities of at least $78 million, including […]
Windsor Winery Woes: Harbinger of Hard Times?
This week’s layoff of 16 workers (9% of total) by Sonoma County vintner Windsor Vineyards highlights the dramatic downshift in consumer wine purchases that wineries and retailers have known for months. Consumer reluctance to buy high-end wines was cited as the reason for the layoff. CONSUMER DOWNSHIFT INTENSIFYING Analysis by Wine Industry Insight of data […]
Carneros Getting Million-Gallon Custom Crush Facility
The Central Valley Business Times reported today that The Vintners Group, founded by Dennis Rippey, has broken ground on a million-gallon custom-crush facility in the Carneros Region. Carneros Vintners, Inc., a division of The Vintners Group of Lodi, says it should be ready for the 2009 harvest. The Carneros facility includes future plans to expand […]
Data Indicates Lowering Prices Is NOT The Path To Profits
It’s been well-known for months that wine consumers are shopping down in price points, but solid data shows that cutting prices could only make things worse. Wine Industry Insight‘s analysis of data provided by Information Resources Inc. (IRI), reveals a substantial group of wine companies who have raised prices, shipped fewer bottles and by doing […]
Jepson Winery Sold
According to an article by Kevin McCallum in today’s Santa Rosa Press Democrat, Jepson Winery has been sold to Ken and Diane Wilson who also own four other Sonoma County wineries: Wilson, Mazzocco, Matrix, Mosaic/deLorimier and Soda Rock winery. Among other interesting items, McCallum reports that: Jepson Winery was founded in 1985 by banker Robert […]
Chalk Hill “Not For Sale” — Fred Furth
“Chalk Hill is not for sale, has not been for sale and will not be for sale!” — Fred Furth Famed Plaintiff’s Attorney Fred Furth, who co-owns Chalk Hill Estate Vineyards& Winery with his former wife Peggy, said that talk of selling the winery, or of a large scale divestiture of vineyards and other real […]
The Wine Club Takes On A New Partner
Ron Loutherback told Wine Industry Insight on Tuesday that he and co-owner Marjorie Loutherback have sold part of The Wine Club to a new partner. “We’ve taken on a new partner,” Loutherback said. “But Marjorie and I are still with the business. We’re not going anywhere.” He said he would not be revealing the new […]
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Real Estate
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