Job losses from McWilliams buyout: Report
May 5th, 2021
The $42 million buyout of McWilliam’s Wines by Calabria Family Wines will see major job losses for the group, according to
The Daily Telegraph.
It is believed half of the employees from one of Australia’s oldest wine producers will go in the change of ownership.
Calabria Family Wines and property mogul Roy Medich’s Medich Family Office bought all assets and the name of the Hunter Valley and Riverina-based McWilliam’s Wines vineyards last month.
Calabria Family Wines will operate the winery and cellar door at Hanwood Vineyard just outside Griffith while developers Medich Family Office will take over the Mount Pleasant winery as well as winemaking assets at the site.
Steve Rogers of Rooted Family Wines.
–It was a long year as time slowly crept by, especially because we couldn’t make our frequent trips from the Los Angeles area up to Paso Roble Wine Country. We are now cautiously making up for lost wine time! Our initial getaway was just a month ago, but my wife and I again heard the call of the wine.
Jumping into our car, we made a spur-of-the-moment, mid-week Paso trip to quench our long-deprived thirst for Paso Wine Country. Arriving late in the afternoon, we found the area bustling and electric; the smiles, the energy, people on the street, in stores, and the eagerness to pour for you wineries. On this short visit, we didn’t waste any time to wine and dine.
Willamette Valley Wineries Take Action On Social Justice Issues forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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This weekly roundup of news from Mainland China, Taiwan and Hong Kong attempts to curate the industryâs most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency-related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set up in Hong Kong, even though Huobi maintains several offices within the mainland. Huobi is Chinaâs most established exchange and ranks second on the global liquidity rankings behind Binance.
Better for You Wines Are The Hot Trend in 2021
Better for you wines are the hot trend of 2021. The moniker for these health-marketed wines hasn t yet been universally agreed upon, and Nielsen doesn t yet track this as a category. But big wine companies and big grocery chains are buying into the idea, and there will be several significant launches in the months to come.
Broadly speaking, this new category of better for you wines shares two characteristics. First, they are lower in alcohol, through mechanical means of alcohol reduction. Second, they have zero residual sugar. Thus a naturally low-alcohol German Riesling made from organic grapes and natural yeast would not qualify if it has RS, while a wine that has been stripped to its component parts and reassembled at 10% alcohol would.