Treasury Wine Estates has made another move in the luxury California wine category, agreeing to acquire Paso Robles-based Daou Vineyards in a deal with a potential final price tag of $1 billion. The deal includes an initial payout of $900 million, with an additional $100 million if Daou reaches certain goals. The acquisition includes the
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Imagine you’re invited to a fantastic reunion of family and friends. Now imagine those friends each brought some of their favorite wines, to the tune of more than 260 of the best bottlings in the world. That gives you an idea of what the opening night of the 2023 New York Wine Experience was like,
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The owners of Napa Valley’s Vine Cliff Winery recently sold its winery in Oakville to the SCW Fund Corp., a business entity run by Canadian entrepreneur Stephan Crétier, who also owns the nearby Roy Estate. The sale price was not disclosed. The deal includes the winery, 23 acres of vineyards and all other business-related assets, including unplanted acreage
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Plenty of premium wines and lively bidding raised about $1.3 million for Northern California charities at the annual Sonoma County Wine Auction last month. Organized by the Sonoma County Vintners Foundation (SCVF), the auction funds community grants for nonprofit organizations in education, health, the environment and arts, as well as SCVF’s Emergency Relief Fund. “It
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Star chef Michael Chiarello—who helped put Napa Valley on the culinary map and became a pioneering restaurateur, author and TV food personality—died Oct. 6 after an acute allergic reaction led to anaphylactic shock. He was 61. Chiarello had been hospitalized at Queen of the Valley Medical Center in Napa for several days before his death,
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Don’t miss this Straight Talk podcast exclusive: Never-before-heard highlights from Wine Spectator editor and publisher Marvin R. Shanken’s one-on-one interview with Napa Cabernet legend Chuck Wagner of Caymus Vineyards. Host James Molesworth also welcomes Napa winemaker Maya Dalla Valle to the studio—and don’t miss James and Maya’s full conversation in our Bonus Episode! Also in
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The biggest business news in Napa this summer was E.&J. Gallo’s buying spree, scooping up Rombauer Vineyards and Massican in a matter of days. The two wineries could not be more different. Rombauer produces 350,000 cases a year and owns more than 700 acres of vines in Napa Valley, Carneros and the Sierra Foothills. Massican,
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