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

News Briefs for August 16, 2018

August 16, 2018

•Jo Pithon, a trailblazing vintner in the Loire Valley’s Anjou appellation, has sold his Pithon-Paillé wine company, including 22 acres of vineyards and a négociant business, to French businessman Ivan Massonnat. Included in the deal, slated to close Aug. 30, is the jewel of Pithon’s holdings, the nearly 7-acre Coteau des Treilles vineyard. The purchase price has not been disclosed. Wine Spectator has the full story.

•Howells & Hood, the landmark beer-focused restaurant on Chicago’s Michigan Avenue, will close by October 1, its ownership group, Bottleneck Management, announced this week. The restaurant, which occupies nearly 20,000 square feet at the base of the Tribune Tower, has been renowned for a bar that has 360 tap handles—believed to be the largest selection of fresh beer in one place in the country. Bottleneck, which owns 15 other restaurants, said it would transfer most of Howells & Hood’s 133 employees to other positions within its group. There are no plans to reopen Howells & Hood, which lost its lease amid plans for a redevelopment of the building.

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