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Joel Whitaker

New York State's 2d-Largest Winery Purchased, Operations to Be Restored

Vine Enterprises LLC, a private equity firm from Carmel, Ind. will acquire and take over operation of the historic Pleasant Valley Winery. Including the cost of redeveloping and restoring the winery, which closed last year, the transaction is valued at about $47 million. Before it closed, Pleasant Valley was the

Toasts Not Tariffs:Trump's 50% Tariffs Underscore Troubling Reality

If President Trump thought he would win plaudits by imposing a 50% tariff on wine and spirits from Canada effective Aug. 19, he was sadly mistaken. President Trump's proclamation imposing a 50% tariff on wine and spirits from Canada beginning Aug. 19 "underscores a troubling reality: the

RNDC Files for Chapter 11 Bankruptcy Act Protection

Republic National Distributing Co. said it filed for Bankruptcy Act protection under Chapter 11 "to explore potential sale transactions in court and implement an orderly wind down of our remaining operations." The filing includes its Alaskan joint venture. It said National Distributing Company, Inc. is not part of

Vineyard Losses Reported in Spain from Wildfires

Meanwhile, Natasja Mallory, who runs GregoryVine's office in Madrid, reported vineyard losses in Sierra de Gredos, the home of old-vine Garnacha. Among the vineyards known to be damaged is San Gregorio, a historic parcel owned by Bodega El Reventón, the winery founded by Adrianna Catena, Alejandro Vigil

Wildfires within 9 Miles of Bordeaux; No Wineries or Vineyards Damaged Yet

As of late Monday night, according to official updates from the Bordeaux Wine Council (CIVB), no major wineries or vineyards have been physically breached or destroyed by the flames. That's because the fires are primarily burning through the coastal pine forests of the Landes de Casccogne, not the

Summer Demand Fades, Cooling Total Bev/Al Sales

Another week, another down report on total bev/al sales from NIQ. Reporting on the four weeks ended July 18, NIQ said total alcohol sales fell 3% from a year earlier to $9.1 billion. Case volume totaled 181.9 million, down 4.8% from a year earlier. On a

Boston Beer 2Q Revenue Fell 3.3%, Shipments Down 4.5%, Depletions Off 4.5%

Boston Beer Co. reports net income of $51.67 million, or $4.96 a share, down $8.87 million from $60.43 million, or $5.45 a share a year earlier. Net revenue fell 3.3% to %568.3 million as depletions decreased 6% and shipments decreased 4.5%. The