Afternoon Brief: Court OKs $140 Million in Vintage Wine Estates Assets Sales

Nearly two dozen wineries, brands and other assets of the defunct Santa Rosa-anchored Vintage Wine Estates portfolio got the green light to change hands in a Delaware bankruptcy court Tuesday...

February 9, 2024 – Novato, CA – The California Department of Food and Agriculture Preliminary Grape Crush Report, containing tons crushed and prices of wine grapes sold during the 2023 harvest, has been released. The Crush Report provides growers and wineries insight into the inventory position of the California wine business as a whole and influences market dynamics for the current bulk wine market and grape market.  The 2023 Crush Report, coming in at a total of 3.6 million tons, fails to capture the full story of the 2023 harvest. The crop would have been considerably larger if not for soft demand and disease pressure that caused some acres to go unharvested. Despite the size of the overall crop, most wineries found themselves with an excess supply amid challenging conditions in consumer sales.  For specific details on 2023 harvest, see below: Key Insights by Region   Tons Crushed 2023 Tons Crushed 2022 Net Gain/Loss Equivalent Gallons

By Charlotte Seligman 10 years owning and working the vineyards of Limerick Lane Cellars, Jake Bilbro, decided it was time to recast the winery’s brand to be more reflective of the estate’s unique 110-year history. He wanted to convey the rich story of the land and the people who worked it. But how to weave a visual and verbal narrative that succinctly speaks of the land’s magic and the world-class wines it produces? These questions haunted Jake Bilbro for weeks, until one day he found his inspiration. In his own words, Bilbro describes the experience: “Often, I find the answers to many questions associated with Limerick Lane in the property itself: the hills, the vines, the rocks, the trees, and of course, my family. This would be no different. At home, where my family sleeps, and the original founders of the vineyard slept, covered with grass and flowers at the end of our driveway lies a section of a tree stump. I have passed by the stump hundreds of