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Wine, etc : Cotes-du-Rhone produces great wines at a bargain price
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Steven Spurrier, vintner who turned the world on to Napa Valley wines with a single tasting, dies
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Wednesday, March 10, 2021
Reverse Migration: Winemaker From Iconic Napa Family Falls Under the Spell of Mendocino s Organic Old Vines, Naturally
Usually, it s young, natural winemakers who go to Mendocino in search of under the radar, specialty, old vine varietals. They ll call up in the know locals, like Alex MacGregor, winemaker at Hopland s Saracina and one of the best winemakers in Mendocino with his own tiny brand Trinafour (one of my personal favorites). MacGregor s been around awhile and knows the little choice spots, including some old vine beauties that are 75 years old.
Now there s another name to note who is cherishing these old Mendo vines and it s not one you would suspect. Bill Davies, son of the Napa sparkling wine royalty Davies family, who founded Schramsberg, has launched a new line of natural wines, sourcing grapes for one label from a certified organic vineyard with a name that cries out for good karma points: Buddha s Dharma.
2021 sees spate of new drinks industry acquisitions
15 March 2021 By db staff
Another day, another deal. Since Christmas the big drinks companies have been adding to their portfolios and reshaping their businesses at a hectic pace.
An onlooker would easily conclude that the industry believes it is heading for a new period of substantial growth, with none of the major participants wanting to miss out.
First off the mark in early January was Constellation Brands. The US$810m sale (with possible add ons) of its sub $11 commodity wines portfolio to Gallo had been long negotiated and needed revising several times to meet US Federal trade concerns, but immediately the ink was on the contract, Constellation reinforced its balance sheet through early redemption of $500m debts.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Constellation Brands Announces Commitment to Invest $10 Million in ‘Clear Vision Impact Fund’ .
Constellation Brands, Inc.March 11, 2021 GMT
VICTOR, N.Y., March 11, 2021 (GLOBE NEWSWIRE) Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today a commitment to invest $10 million in the Clear Vision Impact Fund, LP, a newly-formed investment vehicle founded by Siebert Williams Shank & Co., LLC – the only U.S. investment bank certified as a women and minority-owned enterprise. The Clear Vision Impact Fund’s objective is to make investments in minority-owned businesses, with an emphasis on African American/Black-owned businesses; businesses that operate in or serve underserved, predominantly African American and Latinx, markets; and businesses that foster inclusive growth.
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