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

News Briefs for October 28, 2016

October 28, 2016

•Last spring, renowned Los Angeles retailer Dennis Overstreet relocated The Beverly Hills Wine Merchant store to the Montage Hotel. “It’s sort of our candy store,” Overstreet says, noting that the 1,500-square-foot space evokes “the land of film and fantasy.” The shop features Biedermeier-style furnishings, antique carpets and floor-to-ceiling shelves lining the walls. Round plexiglass cases display vertical vintages of such wines as Château Pétrus, Château Haut-Brion, Château Lafite Rothschild and Château Margaux. “We’ve gone the extra mile with the design,” Overstreet says. “Beverly Hills is the film capital of the universe, and people come here looking for Hollywood magic. I wanted the store to reflect that image.”Market Watch has the full story.

•Argentina’s Nieto Senetiner, imported by Foley Family Wines, is launching a new red blend. The first offering in Nieto Senetiner’s limited edition Blend Collection, the newcomer is 60% Malbec and 40% Cabernet Franc and retails at $15 a bottle. Sourced from estate vineyards in Argentina’s Alto Agrelo and Lujan de Cuyo regions, it was aged for 10 months in French and American second- and third-use oak barrels. The Blend Collection, under which Nieto Senetiner will release about 500 to 2,000 cases of a new wine each year, marks a departure for the Argentine winery, whose core focus is single-varietal wines such as Malbec and Bonarda.

•France’s Bache-Gabrielsen, part of The Winebow Group portfolio in the U.S., is extending its Cognac lineup with three new offerings. The new Cognacs include Tre Kors ($30 a 750-ml.); XO Decanter ($100), which is aged an average of 25 years; and Sérénité ($170), Bache-Gabrielsen’s most upscale expression. The trio joins Bache-Gabrielsen’s existing U.S. lineup, which includes American Oak ($40), Natur & Eleganse VSOP ($60) and Natur & Eleganse XO ($130) and debuted in the U.S. earlier this year.

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