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Daily Archive: February 16, 2022

Wine Spectator: Napa’s Shafer Vineyards Sold to Korean Luxury Firm

One of Napa’s iconic wineries is changing hands. Doug Shafer, president of Shafer Vineyards, announced this morning that Shinsegae Property, a luxury brand firm based in Seoul, South Korea, with department stores, shopping centers, golf resorts, hotels, and other interests, has acquired his family’s winery. Continue reading →

Posted in News on February 16, 2022

Treasury Wine’s Reshaped Americas Business Drives Luxury Growth

Treasury Wine Estates’ strategy to revamp and premiumize its Americas unit appears to be bearing fruit. Treasury Americas saw net sales revenue increase 13.6% on an organic basis to A$466 million ($333m) in its fiscal first half through December, while EBITS surged 46% to A$85 million ($61m). Continue reading →

Posted in News on February 16, 2022

News Briefs for February 16, 2022

•The Wine & Spirits Wholesalers of America (WSWA) has announced that president and CEO Michelle Korsmo will leave in April to helm the National Restaurant Association. Continue reading →

Posted in News on February 16, 2022