News Briefs for February 7, 2014
February 7, 2014•Excelsior Wines is extending its Trivento brand with a new Chardonnay-based blend. Part of Trivento’s Amado Sur range—which features novel blends of complementary grape varieties from the Mendoza, Argentina region—the newcomer is 78% Chardonnay, 12% Pinot Grigio and 10% Viognier. It will retail in line with Amado Sur’s existing Malbec- and Torrontes-based wines at $15 a bottle. Amado Sur loosely translates to “Southern Love.” Excelsior president Marc Goodrich told SND recently that Trivento performed well in 2013 and has been generating impressive critical praise, including some new 90+ scores in Wine Spectator.
•Sonoma’s Truett-Hurst posted a 31% net sales jump to $11.3 million in the six months through December, its fiscal first half. The strong results were driven by the introduction of the Paper Boy brand—a wine packaged in paper bottles that debuted at Safeway outlets in November—as well as the Colby Red, California Square and Evocative Wrap labels. For its full year, Truett-Hurst is expecting net sales in the range of $24-$28 million.
•Moët Hennessy has created two new executive vice president posts, appointing Hugues Pietrini as executive vice president of distribution and Jean-Marc Gallot as executive vice president of brands. Pietrini joins Moët Hennessy from Orangina Schweppes, where he was CEO of France and Belgium. Gallot was previously an executive with LVMH fashion brand Fendi. Both are expected to assume their new roles by the end of the month.
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.Tagged : Excelsior Wine Co., Moet Hennessy, Truett-Hurst
