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News Briefs for January 4, 2013

January 4, 2013

Trinchero Family Estates is extending its Folie à Deux brand with a Sonoma Coast Pinot Noir. The new entry is available nationwide beginning this month for $20 a 750-ml. Approximately 7,900 nine-liter cases of the 2011 Pinot Noir were produced. The Sonoma Coast Pinot joins a Russian River Valley Chardonnay, Alexander Valley Merlot, Dry Creek Valley Zinfandel and Alexander Valley Cabernet Sauvignon in the brand stable (the Folie à Deux winery also produces Ménage à Trois). Folie à Deux’s U.S. volume was up 3.8% in 2011 to 55,000 cases, according to Impact Databank.

•This winter, the Edmond de Rothschild branch of the Rothschild family is expected to unveil Macán, the first wines from its Spanish joint venture with Vega Sicilia. The Macán 2009 will retail at between $26-$40 a bottle, with a second wine, Macán Clásico, positioned a bit lower. Sourced mainly from the La Rioja Alta region, Macán is 100% Tempranillo. Vega Sicilia is based in Ribera del Duero. The Edmond de Rothschild family has stakes in Lafite-Rothschild and Mouton-Rothschild and owns Château Clarke and Château Malmaison.

•The legislation signed by President Obama on Wednesday to avert the so-called “fiscal cliff” extended rum cover-over subsidies to U.S. territories like Puerto Rico and the U.S. Virgin Islands at a rate of $13.25 per proof gallon through the rest of this year. The rate had been cut to $10.50 a proof gallon beginning January 1, 2012, but lawmakers have now made the more generous rate retroactive to then. The rum cover-over program returns most of the $13.50-per-proof-gallon federal excise tax on rum collected from U.S. territories for economic development. The program, which has been in effect since before Prohibition, has come under increased scrutiny in recent years, as the U.S. Virgin Islands lured Diageo’s production of Captain Morgan from Puerto Rico by agreeing in a 2008 deal to share a significantly larger portion of cover-over funds with the drinks giant than it was receiving in Puerto Rico.

•Dean J. Poll, owner of New York City’s Central Park Boathouse restaurant, has purchased the city’s iconic, 85-year-old Gallagher’s steak house for an undisclosed amount. Poll has negotiated a new 20-year lease for the restaurant and will preserve its name and character, but he will revamp the menu and atmosphere.

•Patricia Yeo, renowned chef and contestant on “Top Chef Masters” season four, is taking on a corporate position with Chicago’s Lettuce Entertain You restaurant group as consultant for the company’s Big Bowl chain of Chinese/Thai eateries. She will also work on developing a new Asian barbecue concept. Yeo will work with Big Bowl’s executive chef Marc Bernard to expand the chain’s menu and assist in the opening of new units. Lettuce Entertain You owns and operates 31 restaurant concepts nationwide, including eight Big Bowl units, with a new outpost slated to open at Chicago O’Hare International Airport this fall, as Shanken News Daily reported on October 17, 2012.

 

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