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News Briefs for November 25, 2015

November 25, 2015

•Palm Bay International has extended its Roscato range of Italian frizzante wines with the launch of Roscato Pinot Grigio. The 12%-abv offering is currently available nationwide, priced at $11.99 a bottle. Pinot Grigio joins the existing Rosso Dolce, Bianco Dolce and Rosé Dolce entries in the Roscato lineup, which earned “Hot Brand” status after growing 23.5% to 350,000 cases last year, according to Impact Databank.

•Château de Rayne Vigneau, a 208-acre classified growth in Bordeaux’s Sauternes appellation, has a new owner, Wine Spectator reports. CA Grands Crus, the wine estate division of French bank Crédit Agricole, has sold a majority stake to Trésor du Patrimoine, a French company with a wine division and Traditions du Périgord, France’s largest mail-order foie gras business. The price was not disclosed. The Trésor du Patrimonies group has annual turnover of $265 million, and its wine subsidiary Vins et Saveurs de France ships more than 500,000 cases of wine a year.

•Sardinia’s Cantina Santa Maria La Palma is launching two new wine labels, Aragosta and Le Bombarde, in the U.S. market through boutique Italian importer AJO Imports. Aragosta leads with a Vermentino and will also include a rosé, while Le Bombarde is debuting with an expression of signature Sardinian red grape Cannonau (Grenache). Both will retail below $15 in the U.S., where initial launch markets include New York, New Jersey, Massachusetts, Florida and Minnesota.

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