News Briefs for August 1, 2014August 1, 2014
•Why go to the trouble of making and selling fake fine wine when you can convince other people to let you sell theirs and pocket the cash? The founder and former president of an online auction house stands accused of just that. California prosecutors have indicted WineGavel founder Joshua Krummenoehl, charging him with 12 counts of grand theft by embezzlement, amounting to more than $500,000. Wine Spectator has the full story here.
•Rémy Cointreau is looking to enhance the growth of its liqueurs and spirits division with the promotion of Panos Sarantopoulos to the unit’s chief executive role. Sarantopoulos replaces Justin Weston, who departed earlier this year to take charge of William Grant & Sons’ travel retail unit. In his new role, Sarantopoulos will be responsible for the House of Cointreau, St. Rémy, liqueurs Passoa, Izarra and Ponche Kuba, Guneagal whisky and distribution activity for Rémy Cointreau Gastronomie. Sarantopoulos was formerly with LVMH for 16 years, where he served as business development director for Hennessy, senior vice president sales for Veuve Clicquot and president and CEO for the House of Krug. He joined Rémy Cointreau in 2011 as CEO of the House of Metaxa.
•BevMo has relaunched of one of its San Francisco stores with a major expansion. Set to reopen this week, BevMo’s San Francisco-Van Ness location at 1301 Van Ness Ave. has nearly doubled in size with its remodel, to 20,000 square feet, and features an updated selection of wine, beer, spirits and gourmet foods. Additionally, the revamped store includes a new beer tasting area called Room 22, as well as a wine vault and on-site parking. The San Francisco-Van Ness outpost is one of three BevMo stores in the city, joining the retailer’s San Francisco-Geary and San Francisco-Bayshore locations. Overall, BevMo operates around 153 stores across California, Arizona and Washington.
•Italian wine producer Cà di Rajo will release a new rosé wine made from Raboso grapes to the U.S. later this fall, retail priced at $12. Originating from the province of Treviso, Cà di Rajo’s portfolio of wines also includes a Prosecco Superiore Millesimato Valdobbiadene D.O.C.G, Prosecco Treviso D.O.C., Malanotte D.O.G.C. and Raboso Piave D.O.C., among others. Cà di Rajo uses multiple importers in the U.S., including Vigneti Del Sol-Vigneti d’Italia in Florida and the Caribbean, AB Company of Illinois and Terraneo Merchants in Illinois, Gregory Condes Wines in California and Robert Walter Selections in North Carolina.
•Napa’s Clos Du Val Winery has appointed Napa Valley native Steve Tamburelli to the role of president to oversee all winery operations. Tamburelli, an industry veteran, has held multiple executive roles in the wine business, including managing finance, sales and marketing, winegrowing and production. He was most recently COO at Flora Springs Winery, and previously served as COO of Stags Leap Wine Cellars. He was also general manager for 11 years at Chappellet.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.