Daily Archive: November 17, 2023
Duckhorn: Sonoma-Cutrer “Central To Our Strategy For Growth”
Napa Valley-based luxury wine player The Duckhorn Portfolio has made a key acquisition in upscale Chardonnay, agreeing to acquire Sonoma-Cutrer from Brown-Forman for $400 million in a combination of cash and stock, with Brown-Forman taking a 21.5% stake in Duckhorn and gaining two seats on its board. The deal is expected to close next spring. Continue reading →
Posted in News on November 17, 2023Retailers Kick Off Holiday Selling Season With Beaujolais Nouveau Launch
While the Beaujolais Nouveau phenomenon has slackened some over the past decade, it remains a key moment in the year for retailers as they kick off the holiday selling season. In all, more than 10,000 retailers coast to coast will be selling Georges Duboeuf Beaujolais Nouveau this year, with sales typically peaking in New York, Florida, California, New Jersey, and Texas. Continue reading →
Posted in News on November 17, 2023News Briefs for Friday November 17, 2023
•Colorado’s Woody Creek Distillers has launched William H. Macy Reserve Straight Rye Whiskey, a new release made in collaboration with the actor. Continue reading →
Posted in News on November 17, 2023News Alert: Duckhorn Agrees To Acquire Sonoma-Cutrer For $400 Million
The Duckhorn Portfolio has agreed to acquire fellow California winery Sonoma-Cutrer from Brown-Forman for $400 million in a combination of stock and cash, giving Brown-Forman a 21.5% stake in Duckhorn. Continue reading →
Posted in News on November 17, 2023
