News Briefs for April 21, 2017April 21, 2017
•The Duncan family, owners of Napa Valley-based winery Silver Oak, is expanding its Napa holdings with the acquisition of Pritchard Hill luxury producer Ovid. According to the San Francisco Chronicle, the price was in the area of $50 million. Ovid produces only about 2,000 cases annually—most of it direct-to-consumer—but its wines are priced at nearly $300 a bottle. No major changes are planned post-acquisition. The Duncans, who own Twomey Cellars in addition to SilverOak, told the Chronicle that they’re eyeing more acquisition activity looking ahead.
•Freixenet USA’s Gloria Ferrer Caves & Vineyards has launched a new addition to its sparkling wine lineup, a non-vintage Brut Rosé. The May release marks the first time Gloria Ferrer has nationally distributed a Brut Rosé; in the past a vintage-dated Brut Rosé was available in limited quanitities at the winery and to the wine club. The new sparkler is a 60/40 split of Pinot Noir and Chardonnay grown in Carneros, Sonoma County. It will be available nationwide, retailing at around $30 a 750-ml.
•Maison Ferrand has unveiled Pierre Ferrand Reserve Double Cask Cognac. Retailing at $80 a 750-ml., the new entry is double-matured, first in Cognac casks and then in ex-Banyuls casks, resulting in a style said to be reminiscent of 1800s Cognacs. A permanent addition to the range, Pierre Ferrand Reserve Double Cask is bottled at 42.3% abv.
•Novo Fogo has released what it says is the world’s first canned Sparkling Caipirinha. The premixed cocktail is a combination of Novo Fogo’s USDA-certified organic cachaças, sugar, lime and sparkling water. Novo Fogo is aiming this product at outdoor bars and events where glass isn’t welcome. The producer notes that the canned offering can be enjoyed over ice or straight from the can. Novo Fogo’s Sparkling Caipirinha is rolling out across the U.S. at a suggested retail price of $3.99 a can.
•New York-based Domaine Select Wine & Spirits (DSWS) has named Evis Savvides as president. Savvides, who has been serving as interim president since 2016, reports directly to Domaine Select chairman Daniel Holtz, was most recently a consultant with SFG. He also previously served as COO of Deutsch Family Wine & Spirits. In his new role, Savvides will oversee the import and wholesale divisions of the DSWS group.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.