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News Briefs for November 12, 2014

November 12, 2014

•Italian wine brand Ecco Domani has added a new, frizzante-style DOC Prosecco to its U.S. lineup. Debuting with a 2013 vintage, Ecco Domani Prosecco is produced with fruit sourced from Treviso, in northeastern Italy, and packaged in a screwcap bottle. Around 25,000 cases will initially be imported into the U.S., priced at $10.99 a 750-ml. Ecco Domani Prosecco joins the Gallo-owned brand’s existing stable of varietal wines, which includes Pinot Grigio, Moscato, Merlot and Pinot Noir entries.

•Rémy Martin has unveiled a limited edition Louis XIII Cognac in celebration of the brand’s 140th anniversary, Louis XIII Black Pearl Anniversary Edition. The blend of more than 1,200 eaux-de-vie ranging from 40 to 100 years in age is from a single 572-liter tiercon taken from the Heriard Dubreuil family’s private cellars, the third of its kind released by the family in the past century. It is packaged in a metallic decanter from the House of Baccarat, with 775 decanters released worldwide at a suggested retail priced of $16,000 each.

•Gatlinburg, Tennessee’s Ole Smoky Tennessee Moonshine is expanding distribution of its holiday offering, Shine Nog, to all 50 states beginning this month. The 35-proof, cream-based moonshine liqueur had previously only been available at the company’s distillery. The limited-release holiday offering is available in 750-ml. mason jars for about $20-$25. Ole Smoky recently reached nationwide distribution with entry into the Utah market in recent days, and has announced plans to expand into Canada and Europe. The brand nearly tripled to 245,000 cases in the U.S. last year, and is projecting depletions growth of 25%-30% for calendar 2014.

•A house listed on the market this month in Beverly Hills, Calif., has set a new U.S. record with an asking price of $195 million. Called Palazzo di Amore and owned by real estate investor Jeff Greene, the estate includes 60,000 square feet of residences, pools, tennis courts and a working vineyard within its 25 acres. Listing agents at Coldwell Banker Preview International report that the estate’s Beverly Hills Vineyards produces close to 500 cases of wine annually—none of it sold commercially—in such classic varietals as Cabernet Sauvignon, Merlot, Syrah and Sangiovese. Barrels and bottles are housed within multiple cellars on the property. Vineyards are not unknown in the area: a year ago media mogul Rupert Murdoch paid nearly $29 million for the old Moraga Vineyards in neighboring Bel Air, whose Bordeaux varietal wines are regularly featured at upscale local restaurants and clubs.

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