Afternoon Brief, November 16th
The Duckhorn Portfolio Announces an Agreement to Acquire Sonoma-Cutrer Vineyards: The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) announced today that it has entered into a definitive agreement to acquire Sonoma-Cutrer Vineyards (“Sonoma-Cutrer”), one of the largest luxury Chardonnay wineries in the U.S., from Brown-Forman Corporation (“Brown-Forman”), for approximately $400 million to be paid in a combination of Company stock and cash...
Afternoon Brief, August 15th
Gallup Poll: Wine Lags Behind, Spirits Gain Ground: Gallup’s annual Consumption Habits poll, which tracks American attitudes toward drinking and surveys who drinks what, shows wine dropping in popularity...
Afternoon Brief, March 3rd
Foreigners Keep Buying Napa Valley Wineries. But This One Is Different: There’s a controversial consolidation trend in California’s Wine Country, and Florence Cathiard doesn’t skirt around it. She acknowledges that this shift is driven by investments from foreign entities — just like her...
