News Briefs for March 7, 2017March 7, 2017
•Delicato Family Vineyards has taken a “significant stake” in Sonoma, California-based V2 Wine Group. Delicato said the move is part of an ongoing premiumization strategy. V2, a sales, marketing and production company launched in 2010 by Dan and Katy Leese and entrepreneur Peter Kight, will continue to operate separately. The V2 portfolio totals around 600,000 cases and has revenues of around $65 million. The company has a premium portfolio in the $13-$50 range, led by labels including Dry Creek Vineyard, Toad Hollow, Bouchaine, Quivira, La Follette and Torbreck, among numerous others.
•Moët & Chandon has released its 2008 Grand Vintage Brut, the house’s latest vintage Champagne. Retailing at $65 a 750-ml., the new offering was aged for seven years and marks Moët & Chandon’s 72nd vintage-dated wine. Moët & Chandon sells roughly 400,000 nine-liter cases in the U.S. annually, according to Impact Databank.
•Pernod Ricard has completed an €11 million ($11.7m) investment at its Dublin-based brand home for Jameson Irish whiskey, the Jameson Distillery Bow St. The revamped facility will host three guided tours: The “Bow St. Experience” tasting tour focusing on Jameson’s heritage and ongoing innovations; and “The Whiskey Makers” and “The Whiskey Shakers” experiences providing more in-depth whiskey and cocktail masterclasses. The move is intended to support the Irish whiskey industry’s goal of tripling its annual tourist traffic to 1.9 million visitors by 2025.
•Maison Louis Jadot has unveiled its first-ever rosé. Rolling out April 1, Louis Jadot Rosé is sourced from the relatively new appellation of Coteaux Bourguignons and retails for around $14 a 750-ml. The expression is positioned to tap growing U.S. demand for French rosé wines, which were up more than 77% in 2016, according to Nielsen data. Maison Louis Jadot is controlled by Kobrand owner the Kopf family.
•Pacific Highway Wines & Spirits, jointly owned by Australia’s Oatley family and New Zealand’s Giesen family, has appointed on-premise specialist The Mark Wine Group to handle its on-premise national account business. Pacific Highway, whose brands include Beachhouse, Boschendal, Foppiano Vineyards and Mirabeau en Provence, among others, says it achieved 38% sales growth last year. The new alliance with Mark Wine will facilitate further expansion in increasingly important national account channel, the company added.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.