Platinum Equity completed its acquisition of Italian wine distributor Farnese Group from NB Renaissance Partners.
And the pricing terms never changed. Financial terms weren't disclosed, but earlier reports were that the deal is worth around €170 million
"DTC Logistics will drive more winery and e-commerce sales with same day and overnight delivery ... By offering the delivery standards that consumers have come to expect, we predict that customers will adapt their beverage alcohol buying behaviors, purchasing more products, more often."
If you thought you'd never be able to get your hands on a rare bottle of Screaming Eagle or Staglin Cabernet, now is your chance. And in doing so, you'll also help support the swath of restaurants and their staffs laid low by Covid-19.
McGrew will be responsible for overseeing all aspects of the company's communications efforts, including internal and external global communications, brand public relations, corporate branding and reputation, investor relations, and corporate social responsibility
Centralized practices such as handing out paychecks from inside the offices and having crews meet before heading out to the vineyards of the day are now decentralized.
Certain compounds used for spraying require respirator masks under state licenses, but masks are being made available for workers who want to wear them on the job for other tasks, all while managing the inventory to make sure enough are available for when they're required ... Guidelines coming in from agricultural trade groups such as the California Association of Winegrape Growers are adapting the social-distance guidelines for the row-based standard layout of the vines, in addition to adding more portable toilets, cleaning them multiple times a week, setting up hand-washing stations at the toilets, teaching workers proper technique and having them stay home if they feel sick
Each week Elaine will speak with one of California's leading winemaking/viticulture talents to bring you news from the vineyard and the cellar. First up is Steve Matthiasson of Matthiasson Wines. The LIVE discussion will be held on Zoom , April 7 at 10:00 am-10:30 am PST. There will be a 20min conversation between Elaine and Steve, followed by Q&A with participants
The beverage alcohol industry has been hit hard by the ongoing COVID-19 global crisis. Many state agencies are putting safeguards in place to help businesses alleviate some of the immediate compliance burdens. Presented by a panel from Avalara, this webinar gives a roundup of the most current agency guidance and best practices to manage next steps. Speakers include Jeff Carroll (GM, Beverage Alcohol), Scott Peterson (VP of Government Relations), and Shannon Fahey (Head of Content Research, Beverage Alcohol).
Note, we're also working on a blog version of this that will be live updated. I'll keep you posted as soon as we get that live!
During the week of 3/30, sales were up a whopping 461% over baseline, or what we would have expected to see during this time. Daily sales in prior weeks have been more volatile, but we've seen a pattern starting to emerge over the last couple of weeks, with higher increases in sales occurring earlier-mid week ...
Three years ago, my mom passed away suddenly. It was a tremendous loss, to say the very least. Before she passed, I kept telling myself that one day, I'd get her, the kids and my wife Mary together and head down to Los Angeles to see a musical, because that's what my mom loved best; watching musicals
DEA's letter means that all federal controlled-substance restrictions have been removed for EPIDIOLEX. The Company will now begin the process of implementing these changes at the state level and through the EPIDIOLEX distribution network. Once this process is completed in each state, prescriptions for EPIDIOLEX, like other non-controlled medicines, will be valid for one year and can be easily transferred between pharmacies. The descheduling of EPIDIOLEX also enables physicians to prescribe this breakthrough medicine free of the requirements of state prescription drug monitoring programs.
Paul and Maggie Bush, grape growers and owners of Madroña Vineyards and Rucksack Cellars, in the Camino Fruitridge region of El Dorado wine country, are trying to ease the learning curve during the coronavirus outbreak. Of course, there is the selling wine curbside and holding virtual tastings, but the Bushes are coping with COVID 19 restrictions fall-out in their vineyards and cellar as well. As owners of a small winery (average 10,000 to 12,000 cases per year), the Bushes are used to doing most jobs themselves, but during these times, Paul explains, "Still there are new aha moments every day!"
Gracianna Winery will match the purchases of specially selected Gracianna wines and ship to a healthcare professional in hard hit areas of the United States, sending along a message of gratitude from the donor, Gracianna Winery and its members. Gracianna customers and Medallion Wine Club members are already sending wine to randomly chosen Healthcare Heroes as well as people they know in the healthcare profession.
The Green Medal Leader Award, given to J. Lohr Vineyards & Wines, honors the vineyard or winery that "best demonstrates the ability to balance multiple objectives of environmental, economic, and social goals, excelling in these areas with sustainability being clearly integrated into the overall business."
The dry rosés are: Rosé of Pinot Noir, Rosé of Cabernet Franc and Rosé of Merlot. They are all 2019 vintages; the wines were produced from vinifera grapes, whose origins are from Europe, grown at the winery's vineyards on the Leelanau Peninsula. The wines were crafted by experienced winemaker Drew Perry, with assistance from owner Paul Hamelin.
Wineshipping and 24 Seven Enterprises which includes Pack n' Ship Direct and Vin-Go, all industry leaders in direct to consumer (DTC) wine fulfillment solutions, today announced the completion of a business combination. The combined entity will be part of Wineshipping's parent, DTC Logistics, and creates the nation's largest alcohol beverage DTC logistics provider.
Proof™, available at SGProof.com, is a B2B ecommerce site that is currently available in 23 U.S. states and Washington, D.C. To learn more, Southern Glazer's customers can contact their Sales Consultants or visit about.sgproof.com.
Farm Credit West, ACA, one of the nation's largest agricultural lending cooperatives, announced today the distribution of $120,000 to food banks throughout California and Arizona. These contributions are aimed at providing relief to communities negatively impacted by the COVID-19 pandemic.
How long the current crisis lasts is very much an open question. The aggressive, and in many cases unprecedented, steps taken towards containment in the U.S. and elsewhere provide grounds for optimism that a mid- to late-summer end date is achievable. The limited amount of M&A activity that occurs in the meantime will be spurred by relevant circumstances and the motivations of particular buyers and sellers.
With almost all gatherings over the next two months across large parts of Europe cancelled or postponed, and bars and restaurants closed, it should come as little surprise that Champagne sales would be seriously affected, especially as the nations worst-hit by the pandemic are some of Champagne's biggest markets: Italy and Spain, as well as its largest of all - France
The novel coronavirus pandemic has upended every aspect of daily life, forcing people across the world to adjust habits and rethink routines. Parents are stepping into the roles of educators, at-home exercise is on the rise and video calls are often the sole visual lifelines to family and friends
How will the coronavirus pandemic change the wine world? Wine Intelligence looks at how consumer trends are likely to shift: from a dramatic move towards off-premise sales, to a new awareness and emphasis on local origin products
Members of the Circle of Wine Writers take a look at their regions, or regions to which they have recently travelled, to share some insight into how the wine world is coping with Coronavirus and the impact of lockdown and social distancing on their businesses
"Now two weeks into lockdown, it is hard to imagine that it should have been En Primeur week", admits Émeline Borie, head of marketing for Château Grand-Puy-Lacoste (1855 Pauillac Grand Cru Classé). Cancelled due to the coronavirus, the major presentation of the Bordeaux vintage to buyers and critics from around the world, with the wines currently being matured, leaves a void full of uncertainty
The Anheuser-Busch brand (which you may recall bought it from Josh Ostrovsky AKA The Fat Jewish for silly digits around a year ago) handed out swag to fans in a bid to encourage the stay-at-home mentality as COVID-19 tears through America.
Members of the Circle of Wine Writers take a look at their regions, or regions to which they have recently travelled, to share some insight into how the wine world is coping with Coronavirus and the impact of lockdown and social distancing on their businesses.
Virtual Wine Tastings have emerged as a popular alternative to the in-person club pick-up or walk-in sales opportunity. Join WBM for a webinar discussing best practices, things to avoid and the technologies that enable us.