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

News Briefs for July 12, 2019

July 12, 2019

•Opici Wines has added Meletti Fernet to the portfolio of its Market St. Spirits division. The new offering is made from a blend of herbs, roots, and spices developed by brand founder Silvio Meletti in the 19th century and resurrected by two of his descendents, Matteo and Mauro. The spirit is bottled at 40% abv and will retail for around $35 a 750-ml. Fernet joins Meletti Amaro, Anisette, Limoncello, and Sambuca, among other Meletti bottlings, in the Market St. Spirits portfolio.

•Ste. Michelle Wine Estates has acquired Napa Valley’s Greenwood Vineyards from James and Jill Mooney for an undisclosed sum. The 56-acre vineyard is located north of the town of Calistoga and is planted primarily to Cabernet Sauvignon, with a small amount of Merlot and Valdiguié. Ste. Michelle intends to use grapes from the vineyard for its Stag’s Leap Wine Cellars Artemis Napa Valley Cabernet Sauvignon.

•Riboli Family Wine Estates is mourning the loss of its patriarch, who passed away July 3 in Los Angeles at the age of 97. Formally known as “Riboli, Stefano Giuseppe,” he was the founder of the Riboli family’s San Antonio Winery in downtown Los Angeles and the driving force behind its Stella Rosa brand from Italy. Stella Rosa sold 2.1 million cases in the U.S. last year, according to Impact Databank, and has grown to become the top imported wine brand by volume in the $10-and-over segment. He’s survived by his children Santo, Cathy, and Steve, who now run the family business, as well as 10 grandchildren and seven great-grandchildren.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , , ,

Get your first look at 2018 data and 2019 projections for the wine and spirits industries. Order your 2019 Impact Databank Reports. Click here.

Previous :  Next :