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

News Briefs for January 9, 2018

January 9, 2018

•Palm Bay International is introducing a new range of wines from Sicily’s Cantine Settesoli. Rolling out nationwide, the new 100% estate-sourced Settesoli lineup retails at $11.99 a bottle and includes a Grillo, Nero d’Avola, Pinot Grigio and a Red Blend. Located in the town of Menfi along Sicily’s south coast, near the western end of the island, Cantine Settesoli is a cooperative that was founded in 1958 and includes over 2,000 growers.

•Hong Kong tycoon Peter Kwok has increased his stake on Bordeaux’s Right Bank, acquiring St.-Émilion Grand Cru Classé Château Bellefont-Belcier for an undisclosed sum from John Renos. The 33.4-acre estate has plots on the fabled St.-Émilion limestone plateau and south-facing clay-limestone slopes. Total production is 5,000 cases a year. Wine Spectator has the full story.

•Revel, the $2.4 billion Atlantic City casino that launched to great fanfare in 2012 but closed its doors in bankruptcy two years later, has been sold for $200 million to Colorado developer Bruce Deifik, founder of Denver-based Integrated Properties. According to a Bloomberg report, Deifik plans to reopen the venue this summer under a new name, Ocean Resort Casino. Revel, billed as the tallest building in Atlantic City when it opened, was first sold in 2016 to Florida developer Glenn Straub for $86 million.

•The Dead Rabbit, the lower Manhattan bar that opened in 2013 and quickly became one of the country’s most celebrated cocktail bars, has announced plans for a major expansion. The venue’s owners, Jack McGarry and Sean Muldoon, have agreed to lease a two-story adjacent space and combine it with the current location. The move will double the Dead Rabbit’s size to 5,500 square feet. The newly expanded venue is slated to launch in April, and the existing Dead Rabbit space will remain open during construction. The owners also operate BlackTail, a Cuban-themed bar in Pier A’s Harbor House in lower Manhattan.

•The Mark Wine Group has appointed Donn Danielson as vice president of sales, effective immediately. He joins Jeff Scott, vice president of sales, and Mark Gmur, president and founder, on the company’s sales team focusing on on-premise accounts. Danielson joins the Mark Wine Group from European Cellars/Eric Solomon Selections, where he was director of national accounts, on and off-premise. He has also worked in sales for Folio Fine Wines, Grgich Hills, the Hess Collection and Chicago Wine Merchants. The Mark Wine Group sold nearly 300,000 cases through its on-premise national accounts network in 2017.

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