Terlato Wine merging spirits division with South African company

Terlato Wine Group is merging its artisan spirits division with the U.S. division of South Africa’s Distell Group, forming a new joint venture based and operated out of Lake Bluff. Terlato Wine Chief Executive Bill Terlato will be CEO of the equally owned joint venture, which will be operated as a separate division of Terlato Wines called Artisan Spirits. The deal is expected to be finalized in the first quarter of 2016. Both companies are contributing an equal amount of capital to form the business, Terlato said.

Reblogged 1 year ago from www.winebiz.com.au

New Zealand strengthens hold on premium price points in the UK

New Zealand wines continue to dominate sales at premium price points in the UK market, according to data from Nielsen. Volume and value are both up 10 per cent overall year on year, against a UK market that has contracted by two per cent. New Zealand Sauvignon Blanc is the UK’s leading grape variety with an 11 per cent share. The varietal will be showcased at New Zealand’s annual trade tasting in January.

Reblogged 1 year ago from www.winebiz.com.au

Vineyard owner sued by Vegas execs

A South Island vineyard owner, patron of the arts, and former casino boss is being sued for $3.5 million by two wealthy Las Vegas executives. Glenn Schaeffer owns Nelson’s Mahana Estates and earlier this month hosted Prince Charles and his wife Camilla at the winery. The day before the royal visit, Schaeffer failed to dismiss a lawsuit brought against him in the Nelson High Court by James Murren and Daniel Lee.

Reblogged 1 year ago from www.winebiz.com.au