News Briefs for November 25, 2015November 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.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : AJO Imports, Aragosta, CA Grands Crus, Cantina Santa Maria La Palma, Château de Rayne Vigneau, Crédit Agricole, Le Bombarde, Palm Bay International, Roscato, Traditions du Périgord, Trésor du Patrimoine, Vins et Saveurs de France