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Today it was Patz and Hall, Earlier in the week it was Penner Ash. Recently here in town Seven Hills was sold to a larger company.
Brand seems to be the powerful word these days.
They always say that nothing will change and in some cases you may never notice the changes...larger companies have larger sales teams. A winery like Spring Valley goes from having one person think about domestic sales while he/she isn't making wine to a sales team thats 75 people strong in every corner of North America. Its good to be the king.
Just talking out loud....
Follow Ups:
...from Sunday's SF Chronicle.
Can't read the article w/o a subscription.
It's getting a little crazy isn't it? Maybe I should wave a flag and yell "Hey, Over Here!"
2004
Constellation Brands buys Robert Mondavi Winery
Diageo buys Chalone Wine Group (has since sold to Foley Family Wines)
2005
Scharffen Berger Chocolate sold to Hershey's
2006
The Wine Group purchases Cardinal Zin and Big House brands from Bonny Doon Vineyards
Hilco (parent company of Natural Food Holdings LLC) becomes chief investor in Niman Ranch
Laura Chenel's Chèvre sold to French cheese corporation Rians Group
2007
Ste. Michelle Wine Estates buys Stag's Leap Wine Cellars
2010
Arcata's Cypress Grove sold to Emmi
2011
Niman Ranch and Natural Food Holdings sold to LNK Partners, another private-equity group
2013
La Boulange Cafe & Bakery sold to Starbucks
2014
WhiteWave Foods buys Earthbound Farm
General Mills buys Annie's Homegrown
2015
Kosta Browne sells majority share to investment group J.W. Childs Associates
Jackson Family Wines buys Siduri
Chanel purchases St. Supéry
Lagunitas Brewing Co. sells 50 percent stake to Heineken
Niman Ranch and Natural Food Holdings sold to Perdue
Hershey's buys Krave Jerky
Redwood Hill Farm & Creamery sold to Emmi
Ste. Michelle Wine Estates buys Patz & Hall
2016
The Prisoner Wine Co. purchased by Constellation Brands
Copain Wines sold to Jackson Valley Wines
Cowgirl Creamery sold to Emmi
Source: SF Chronicle research
The Copain sale has triggered a lot of noise among the smaller producers-
In addition - as with what happened at Siduri (2015) the Winemaker can NO LONGER have "custom" clients - that is the winemaker can no longer work for multiple wineries-
They may keep a personal (their own name) project on the side- but no to having a winemaker work for multiple wineries....
Ironically while I do decry many of these sales- the Cow Girl Creamery sale will probably help the company survive for another 25+ years- which would not have been the case w/o the sale.....
Happy Listening
...Diageo is selling off their winery acquisitions.
I remember when I was at CNN (we were owned by Time Warner at the time) and they announced that AOL woo deb acquiring us. It made no sense to me, but I figured that the folks in suits must know what they are doing.
Not so much.
Who knows why all these companies buy only to turn around and sell. Even established companies seem to only be desirable until stock starts to fluctuate.
Lawyers and in this case, bankers, always win.
...hey, Steve, you could be next :)
I'm way too small. I do have a standing offer from a larger winery in town to buy my brand. Wold not be enough to retire on, but maybe some day
Are they keeping the same wine making team?
I haven't noticed a drop off in quality with Siduri since the sale.
Almost everything will stay the same with Seven Hills. Casey is still in charge of the wine.
He was driving a much nicer car the other day however...and yes I needled him about it!
...branding it is - Prisoner label with no vineyards purchased for $285 million.
Just like Meiomi.
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