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California facility will be home for his family's new I'M, Oberon and Hangtime brands
Posted: August 21, 2006
Michael Mondavi, son of California wine pioneer Robert Mondavi, has bought Carneros Creek winery in Napa from Francis and Kathleen Mahoney. Mondavi, who now owns Folio Fine Wine Partners with his wife, Isabel, and son, Rob, will produce their recently started I'M, Oberon and Hangtime brands in the facility.
Deal includes Freemark Abbey, Arrowood and Byron wineries
Posted: August 18, 2006 By Eric Arnold, Tim Fish
The buying spree continues. Less than two months after Kendall-Jackson founder Jess Jackson purchased both the Robert Pecota winery in Napa and Murphy-Goode in Sonoma, Jackson Family Wines has made a successful $97 million bid for Legacy Estates Group, which owns three California wineries: Freemark Abbey in Napa Valley, Arrowood in Sonoma County and Byron in Santa Barbara County.
Posted: June 15, 2006
Global wine consumption advanced for the seventh straight year in 2005, to 2.59 billion 9-liter cases. Much of the increase can be attributed to drinkers in the U.S., U.K. and, surprisingly, China, according to the recently released 2005 edition of The Global Drinks Market: Impact Databank Review and Forecast.
Posted: June 1, 2006
Members of the Taittinger family once again control one of Champagne's oldest and most prestigious houses. French bank Crédit Agricole du Nord Est, aligned with several of the Taittinger family heirs, signed an agreement on May 31 to buy Taittinger Champagne from Starwood Capital Group, the American private-equity fund that purchased the Taittinger hotel and luxury goods empire last July.
Fred Franzia creates new label for wines that went into Napa Ridge
Posted: May 19, 2006
One of the old truisms of the wine industry is that it takes 10 years to build a brand. But Fred Franzia, CEO of Bronco Wine Co., says it now takes 10 minutes, and he hopes to prove the point with a new label, Harlow Ridge.
Huge California producer agrees to make three labels only if they contain Napa grapes
Posted: May 1, 2006
California's Bronco Wine Co. has thrown its hands up and will stop making its Napa Ridge, Napa Creek and Rutherford Vintners brands with grapes grown outside of Napa County. In a settlement with the California Department of Alcoholic Beverage Control, the mass-market producer agreed to sell off any remaining inventory of those wines by Sept.
Posted: April 6, 2006
Constellation Brands, the world's largest wine company, has reached an agreement to buy Canadian wine giant Vincor International. The deal is worth $1.31 billion (CAN$1.52 billion at CAN$36.50 per share), roughly the same price Constellation paid to acquire Robert Mondavi Corp.
Like wine producers, wine shops want to ship directly to customers in other states
Posted: March 8, 2006
Another player has entered the fray in the battle over wine shipping. Wine retailers across 30 states have formed a new association to help them win the same rights that wineries are gaining around the country.
Wineries, wholesalers and retailers team up to craft consumer-friendly legislation
Posted: February 7, 2006
A bill that would allow wineries in any state to ship directly to Colorado consumers has passed easily through two committees since its introduction to the state legislature in mid-January. The measure, which is inching closer toward a floor vote, expands upon the state's current direct-shipping laws, which permit adult residents to order a limited amount of wine from local producers and some out-of-state wineries.
Some bills would allow for more shipping, while others aim to limit shipments
Posted: January 31, 2006
With state legislatures back in session, the battles over direct-to-consumer shipment of wine have reignited. Currently, at least three states—Massachusetts, Indiana and Illinois—are tackling the issue.
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