B.R. Cohn Latest Industry Acquisition: Vintage Wine Estates, based in Santa Rosa, Calif., announced it has purchased the B.R. Cohn Winery and approximately 70 acres of vineyards, according to this report in the Santa Rosa Press Democrat. The deal, just the latest in a series within the wine industry, could be the end of a more than 40-year winery odyssey for founder and band manager Bruce Cohn. In the article, Cohn was less-than-optimistic about family-owned wineries surviving in the current climate – “It’s a really tough business,” he said in the report. Separately, E & J Gallo bought two brands from Treasury Wine Estates, according to this report.
Diageo Draws SEC Scrutiny: Global beverage giant Diageo is under investigation by the U.S. Securities and Exchange Commission (SEC) for allegedly inflating sales, according to this report. The investigation centers on alleged efforts by Diageo to send more cases to distributors than they’ve ordered, which would allow the company to report increased sales, according to The Guardian.
Profitability Question in Auz: A new report indicates 90 percent of Australian wineries in many regions will be unprofitable, according to this article in Decanter magazine. The report, authored by the Winemaker’s Federation of Australia, points to cooler climates as a major factor, with those wineries having a better chance to make money.
Wine Harvest 2015 Updates: With news that Mumm Napa has started harvesting its grapes for sparkling wine in Napa Valley, Calif., the 2015 harvest begins in earnest, according to this report. Over on the west side of Highway 101 outside Paso Robles, Calif. on the central coast, the Tablas Creek Vineyard is predicting an “early September” start to the harvest, according to a recent blog post.