News Briefs for March 10, 2017March 10, 2017
•Moët Hennessy-owned Napa winery Newton is launching three new single-vineyard Cabernet Sauvignons. Newton’s new labels include luxury Cabernets from Spring Mountain, Yountville and Mount Veeder. The new wines, which will be distributed to select retailers, retail at $190 a 750-ml., with 500-700 cases of each wine produced. Newton is part of Moët Hennessy’s Estates & Wines group, which also includes Chandon, Cheval de Andes, Cloudy Bay, Numanthia, Cape Mentelle, Terrazas de los Andes, Smoke Tree and Ao Yun.
•Treasury Wine Estates is creating a new French wine portfolio, initially focused on the North Asian market. Unveiled at TWE’s investor day in Napa yesterday, the new French proposition will include three tiers of wines showcasing the best of France, including Bordeaux, Burgundy and Châteauneuf du Pape reds, Rosé from Provence and Champagne. While North Asia is the initial destination, TWE has plans to market and sell the French portfolio across other regions of the world starting in its fiscal 2018, which begins in July.
•Laurent Ponsot, the fourth-generation winemaker at Burgundy’s Domaine Ponsot, has unexpectedly walked away from the family business. In an exclusive interview with Wine Spectator, he would not disclose why he was leaving, but announced that he is establishing his own winery. “This is not what I expected in this period of my life,” said Ponsot, 60. “I am old enough to retire, but I did not retire. I am starting a new winery with my oldest son, Clément.” Wine Spectator has the full story.
•Puerto Rican rum producer Destilería Serrallés has appointed Philippe Brechot president and CEO. He succeeds fifth-generation Serrallés family member Félix J. Serrallés Jr., who is retiring after 36 years at the helm. A 25-year industry veteran, Brechot joins Destilería Serrallés from William Grant & Sons, where he most recently served as managing director for Latin America. He has also previously held roles at Moët Hennessy and Diageo. Destilería Serrallés is known for its flagship Don Q rum brand, handled by the company’s Serrallés USA distribution arm.
•Italy’s Castronovo Vineyards, imported by Shaw-Ross International, is adding a Chianti DOCG to its range. Aged for 38 months, Castronovo’s new Chianti retails at $14.99 a bottle and joins the brand’s existing Montepulciano D’Abruzzo in the range. Castronovo was founded by South Florida radio personality Paul Castronovo.
•Bruno Baudry will resign as CEO of Suntory-owned ASC Fine Wines on March 31, to be succeeded by 20-year Suntory veteran Yoshihiko Shibuya. Baudry has led the China-based wine importer for two years. Shibuya has been based in France for the past five years, managing Suntory’s wine businesses in Europe, and was recently added to ASC’s board.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.