Tag Archive: California
Single-Unit The Wine House Competes Against The Big Chains In Los Angeles
The Wine House opened its doors 35 years ago in Los Angeles and has been a destination for savvy wine buyers ever since. Despite a difficult economy in recent years and a 12% unemployment rate in California, owner Bill Knight says revenues hit $20 million in 2011—returning to their levels of 2007, before the recession hit California hard. Continue reading →
Posted in News on January 13, 2012Exclusive: The Wine Group’s Flipflop Jumps Out To 600,000 Cases In First Year
The Wine Group’s Underdog Wine & Spirits division has a hit on its hands with its Flipflop wine brand, which debuted a year ago. Continue reading →
Posted in News on January 9, 2012California Wine’s Deal-Making Heated Up In 2011, According To Wine Spectator Report
When Fiji Water purchased Justin Vineyards in the closing days of 2010, was it a sign? It’s far from a fire sale, but a host of wineries in California are changing hands while others are quietly taking on new partners, reports Wine Spectator. Continue reading →
Posted in News on December 19, 2011News Briefs for December 19, 2011
•Nightlife and hospitality firm Tao Group has purchased two New York City venues—Hiro Ballroom and Japanese restaurant Matsuri—from Maritime Hotel owners Eric Goode and Sean Macpherson, Eater NY reports. Continue reading →
Posted in News on December 19, 2011California’s Crimson Wine Group Doubles In Size With Seghesio Acquisition
Napa-based Crimson Wine Group was founded in 2007 by New York investment firm Leucadia National Corp. At the time, the company’s wine holdings included Napa’s Pine Ridge Vineyards and Archery Summit in Willamette Valley. In 2008, Crimson expanded with the purchase of Edna Valley’s Chamisal Vineyards (formerly Domaine Alfred). This past June, Crimson took another leap with the acquisition of Sonoma-based Seghesio Vineyards, a deal which doubled its scale to roughly 250,000 cases and $50 million in annual revenue. Erle Martin, who previously has served as president of Francis Ford Coppola’s wine business and head of Young’s Market Co.’s California fine wine unit, has led Crimson as CEO since 2007. Shanken News Daily recently caught up with Martin to discuss Crimson’s ongoing expansion. Continue reading →
Posted in News on December 7, 2011Boisset Acquires Skalli; St. Supery Not Included In Deal
Boisset, La Famille des Grands Vins has agreed to acquire Skalli Family Wines, the French winemaker renowned for its Languedoc varietals. Continue reading →
Posted in News on November 28, 2011
