Exclusive news and research on the wine, spirits and beer business

News Briefs for October 25, 2016

October 25, 2016

•10-store Dallas-area retailer Sigel’s Beverages has filed for bankruptcy, citing an influx of new competitors to its region. According to the Dallas Morning News, Sigel’s is aiming for a reorganization in which it would close five stores—scattered across Addison, Richardson and Rockwall—and continue with its five more profitable locations as well as its wholesale business. Sigel’s has come under pressure in recent years from the Dallas entry of beverage alcohol chains like Spec’s and Total Wine & More, as well as supermarket operators like Trader Joe’s, Kroger and Whole Foods. Back in 2012—the same year fellow Dallas-area retailer Centennial filed for bankruptcy—Spec’s lodged a takeover offer for Sigel’s, but the two sides were unable to bring a deal to fruition.

•Gruppo Mezzacorona subsidiary Prestige Wine Imports has added Italy’s Mottura to its U.S. portfolio. Located in Tuglie in southern Italy, Mottura specializes in wines made with indigenous varietals such as Negroamaro and Primitivo. New York-based Prestige will take on four labels from the brand’s lineup: Primitivo del Salento ($15 a 750-ml.), Negroamaro del Salento ($15), Salento Primitivo ($25) and Salento Negroamaro ($25). Mottura joins Mezzacorona, Stemmari, Rotari and Castello di Querceto, among other brands, in Prestige Wine Imports’ stable.

•Napa Valley’s Clos du Val winery has named Armen Khachaturian director of national sales. Khachaturian, a 15-year industry veteran, previously led national sales efforts at Hanzell Vineyards and Ehlers Estate. In his new role, he will help introduce a new all-estate portfolio of Clos du Val wines, focused on the Stags Leap District Cabernet Sauvignons which are Clos du Val’s signature.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , , , , , , , , , , , , , , ,

Get your first look at 2020 data and 2021 projections for the wine and spirits industries. Order your 2021 Impact Databank Reports. Click here.

Previous :  Next :