News Briefs for June 16, 2011June 16, 2011
• A consortium of anonymous Chinese investors has purchased New Zealand’s Paritua Vineyards, following the Hawke’s Bay-based winery’s entry into voluntary receivership last summer. Financial details of the deal weren’t disclosed. Purchased by Brianne Bremer Fisher and Gary Fisher in 2001, the 150-acre Paritua specializes in Cabernet Sauvignon, Syrah, Merlot, Cabernet Franc, Malbec, Sauvignon Blanc, Semillon and Chardonnay varietals, all sold under the Paritua and Stone Paddock labels. According to local media, Paritua Vineyards owed more than $20 million when it entered receivership.
• Pernod Ricard will soon begin rolling out a repackaged Jacob’s Creek Reserve range—which emphasizes Australia’s regional appellations—in key international markets. Featuring a Barossa Shiraz 2007 and Riesling 2010; a Coonawarra Cabernet Sauvignon 2009; and an Adelaide Hills Chardonnay 2009, the updated Reserve lineup will be available in July, priced at $20.99 a 750-ml. The similarly priced Barossa Merlot 2010, meanwhile, will be available from early October. The range debuted last month in the U.S. market.
• Sonoma-based wine marketer The Other Guys has named Jonathan White vice president, sales, for its East region. White previously was Northeast regional sales manager for the winery, which markets the Plungerhead and Hey Mambo brands and is headed by August Sebastiani. In his new role, White will be responsible for 21 states across the eastern part of the country and report to The Other Guys’ executive vice president and national sales manager Eric Rabinoff.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.