News Briefs for July 5, 2012July 5, 2012
•Sonoma Valley-based Don Sebastiani & Sons has been named the exclusive sales and marketing agent for New Zealand wine brand Farmer’s Market Wine Co. Developed by winemaker Nick Goldschmidt in 2010, Farmer’s Market Wine will offer a Marlborough Sauvignon Blanc, Gisborne Chardonnay and Pinot Noir-Merlot blend from Marlborough and Gisborne, all priced at $19.99 a 750-ml. Sebastiani & Sons’ portfolio also includes California wine labels B Side, Aquinas, Smoking Loon and Pepperwood Grove among others.
•Bacardi has named Paolo Perego president of its Latin America region effective July 9, replacing Rich Andrews, who was recently named managing director of Bacardi’s operations in the U.K. and Ireland. Perego comes to Bacardi from Gruppo Campari, where he spent 22 years, most recently as COO of Campari America.
•Wine Spectator reports that Bordeaux third-growth Château Calon-Ségur has been sold to Suravenir, the life-insurance subsidiary of French banking group Credit Mutuel Arkea, for an estimated $212.5 million. Videlot, a Bordeaux wine group owned by Jean-François Moueix, is a minority partner in the deal. The purchase agreement was signed June 29 and the buyers expect to finalize the sale in November. (Wine Spectator first reported that a deal involving an unidentified buyer and Moueix was close to completion on June 28.)Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.