News Briefs for June 8, 2021June 8, 2021
•Vintage Wine Estates and Bespoke Capital Acquisitions Corp. have completed their merger, placing the combined company on the Nasdaq, beginning this morning, and on the Toronto Stock Exchange Wednesday. The combined company will be led by VWE founder Pat Roney and the Vintage management team with assistance from Bespoke executive chairman and former Diageo CEO Paul Walsh, who will serve as non-executive chairman at the new Vintage Wine Estates. The deal was initially announced in February, and the new company has a market capitalization of $617.9 million, based on its June 4 closing share price of $10.22.
•San Francisco-based Hotaling & Co. has launched a new line of canned cocktails using Luxardo’s bitters and aperitivos. The new venture is debuting with three releases—Sour Cherry Gin & Tonic, Bianco Spritz, and Aperitivo Spritz—all at 10% abv and available in 250-ml. cans. The new RTDs are now available in 4-packs for $20 at Whole Foods and Total Wine locations in California, Arizona, Texas, Colorado, Connecticut, Minnesota, Missouri, Massachusetts, Maryland, New Jersey, Louisiana, Nevada, Washington, Kentucky, Michigan, Illinois, and Indiana.
•Spanish wine specialist Classical Wines From Spain is joining forces with Napa-based importer The Sorting Table, effective July 1. Classical Wines will become known as Classical Wines, Imported by The Sorting Table, and will continue its focus on world-class wines from the Iberian Peninsula. It will operate independently from the rest of the Sorting Table portfolio, which features labels including Domaine Dujac, Bernard Moreau, and Castello di Ama, among others.
•Provence-based Commanderie de Peyrassol, part of the Wilson Daniels portfolio in the U.S., has introduced a new premium rosé, La Bastide Peyrassol. Retailing at $29, La Bastide Peyrassol’s label and bottle were created in partnership with designer Pierre Yovanovitch. Commanderie de Peyrassol’s portfolio also includes Cuvee des Commandeurs ($25), Réserve des Templiers Rosé ($18), and La Croix des Templiers Rosé ($15). Wilson Daniels is targeting volume of 30,000 cases for the winery in the U.S. this year.
•Domäne Wachau is introducing a new offering, Loess Gruner Veltliner, through importer Gonzalez Byass USA. Sourced from Austria’s Wachau Valley, the new entry is 100% Gruner Veltliner (12.5% abv), packaged in a 1-liter bottle, and is rolling out nationally, retailing at $14. In addition to its own brands such as Tio Pepe, Beronia, Fournier, and Vilarnau, among others, Gonzalez Byass USA imports wines and spirits including Pranza, Caldora, Cantine Cellaro, Vesevo, Vigneti Del Salento, Tenute Rossetti, Harveys Bristol Cream, and Fundador Brandy de Jerez.
•Beam Suntory has released the second bottling of Booker’s Bourbon for 2021: Tagalong Batch. This edition aged for six years and five months and comes in at 63.95% abv. Tagalong Batch gets its name from the story of Booker Noe learning the family business from his grandfather Jim Beam by tagging along to the distillery. The whiskey is rolling out now in limited quantities across the U.S. where it will retail for a suggested price of $90 a 750-ml. Booker’s had U.S. volume of 16,000 cases last year, according to Impact Databank.
•Volley Tequila seltzer has aligned with M.S. Walker in the New York market. Made with 100% blue agave Tequila, sparkling water, and organic juice, Volley is available in four flavors: Zesty Lime, Spicy Ginger, Sharp Grapefruit, and Tropical Mango. In addition to New York, the brand is now present across New Jersey, Georgia, Tennessee, Kentucky, Rhode Island, Massachusetts, Arizona, South Carolina, and Florida retailing at $15 a 4-pack of cans, or $3.75 a single 355-ml. can.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.