Based in Norwich, England, NakedWines.com's business model allows customers to sponsor independent winemakers in return for about 25 percent to 50 percent off a wine's retail price and exclusive promotions.
Revenue for the year came in below the company's July earnings guidance at $209.2 million, a fall of half a per cent from $210.2 million in the previous year, as a $7 million non-cash, unrealised loss of foreign exchange options weighed.
On Sept. 19 starting at 5:30 p.m., local historian Rue Ziegler will reflect on the first 45 years of the groundbreaking legislation known locally as the Ag Preserve. Her address will be at the Goodman Library, 1219 First St. in Napa.
For the past year, Nick Lazaris has been preaching about the Coravin 1000 Wine Access Technology to winemakers and investors, including those in the Napa Valley. He said the new device, which was recently released and launched at Yountville's Bardessono Hotel, will transform the way people enjoy fine wine.
A hot weekend accelerated ripening, confirming initial predictions of an early harvest, at least on the valley floor. Lee Hudson of Hudson Vineyards in Carneros says this is the earliest harvest he's seen in his 30 years of experience.
Net income fell to A$42 million ($38 million) in the year ended June from A$89.9 million in the previous 12 months, the Melbourne-based company said today in a statement. That exceeded the A$26 million average of four analysts' estimates compiled by Bloomberg.
Though final decisions are more than a year away, Santa Barbara's wine country got its first peek at new rules for building wineries and tasting rooms, as the County of Santa Barbara's planning department unveiled proposed changes to the existing ordinance.
The Elypsis Winery suite of software to manage the making and selling of wine is back under Napa Valley ownership, less than a year after the quarter-century-old company that created it merged with a Danish software developer.
Canada's 500 wineries pay $1.2 billion annually in provincial and federal government taxes and liquor board mark-up, so to state that these mainly small, family-owned rural businesses are looking for a "free ride," goes beyond outrageous.