News Briefs for October 19, 2017October 19, 2017
•Luxury goods empire Chanel Group has added another prominent Bordeaux estate to its portfolio, announcing today that it has purchased Château Berliquet in St.-Emilion. Chanel, which is owned by the Wertheimer family, also owns Châteaus Canon and Rauzan-Ségla in Bordeaux, as well as St. Supéry Estate Vineyards and Winery in Napa Valley. The purchase price was not disclosed. Wine Spectator has the full story.
•Due to strong demand, Vinexpo says it will expand the footprint of its New York City event, to be held next March 5-6 at the Jacob K. Javits Convention Center. Vinexpo New York, which is open exclusively to the trade, will nearly double its original floorplan. More than 115 exhibitors from 16 countries are expected to attend the two-day trade show, which joins Bordeaux, Hong Kong and Tokyo exhibitions in Vinexpo’s international event portfolio.
•In a show of solidarity for those affected by the California wine country wildfires, a number of wine companies are donating to relief efforts. Napa’s Trinchero Family Estates is donating $250,000 to the Napa Community Foundation to support fire relief, and will match any employee donations to the TFE Family In Need Fund—supporting TFE team members—on a two-to-one basis. The company has also been housing and providing meals for first responders at its Sutter Home Victorian Inn. Treasury Wine Estates is making a contribution of $100,000 to support those affected by wildfires in the Napa and Sonoma Regions by donating $50,000 each to the Napa Valley Community Foundation Disaster Relief Fund and the Sonoma County Community Foundation Resilience Fund. Meanwhile, distributor Southern Glazer’s is matching employee donations to those same two organizations up to $100,000. And E.&J. Gallo is pouring $1 million into the recovery effort through the Napa and Sonoma Community Foundations and the American Red Cross California Wildfires relief fund.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.