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Vintage Wine Estates To Offload Clos Pegase In Napa, Viansa In Sonoma
Troubled California wine group Vintage Wine Estates is looking to offload certain assets and pare back its portfolio to focus on a smaller core of brands as it looks to stage a turnaround. The company has hired Oppenheimer & Co. to accelerate the process in monetizing certain assets, such as the Clos Pegase winery and tasting room in Napa and its Viansa property in Sonoma, while reducing its workforce by 15%.
Silicon Valley Bank Releases 23rd Annual State of the US Wine Industry Report
NAPA, Calif., Jan. 18, 2024 /PRNewswire/ — Silicon Valley Bank (SVB), a division of First Citizens Bank, today released its 2024 State of the US Wine Industry Report. Widely regarded as the leading source for market trends in the premium wine sector, the annual report provides an assessment of the industry, analysis of current market conditions and forecasts for the year ahead.
15 Sonoma Winemakers You Need to Know in 2024
Get to know over a dozen of the region’s most interesting winemakers who share their under-the-radar recommendations in Sonoma County. When you live in a place like Sonoma, it’s a given that there are going to be heaps of delicious wines to be shared. But the winemakers themselves—their stories, their backgrounds, their under-the-radar recommendations—are what bring a region alive.
More Americans are optimistic about buying a home in 2024
For the average American, buying a home has felt impossible during the past couple of years, but potential buyers are feeling hopeful in 2024. After years of feeling priced out of the market, potential homebuyers are feeling optimistic again, according to a new report.
Mortgage Rates Continue Their Fall Below Seven Percent
MCLEAN, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.67 percent.
2023 Predicted To Be Vintage Of A Lifetime In Napa Valley
Growers and winemakers’ patience with the long harvest was rewarded with an exceptional, age-worthy vintage. Harvest at the Renteria 360 Vineyard in Oakville, California. (Photo by Sarah Anne Risk/Napa Valley Vintners ) SAINT HELENA, CA — Coming off the heels of the longest Napa Valley growing season in a decade, vintners were glowing with the expectancy of the truly noteworthy 2023 vintage.