April 5, 2021


North Coast wine businesses seek relief from California wildfire insurance woes

Ray Hannigan and Tobin Heminway were shocked when they learned they were losing insurance for their boutique winery in eastern Napa County’s Chiles Valley appellation, Green & Red Vineyard.

In January, a week after they finished making the fire safety fixes recommended by an inspector from their insurer, they said they received a letter that coverage of the 5,000-case-a-year winery building and wine inventory would be terminated at the end of this month because the property has “ineligible risk” for wildfire damage.

“Our broker told us that it is almost impossible to find a company willing to cover a winery

Read More

Bed-Stuy wine shop changes business model amid pandemic

NEW YORK (WCBS 880) — A small wine shop in Bedford-Stuyvesant is tailor-made for the Brooklyn community it serves.

Happy Cork opened its doors in March 2019 – a year before the coronavirus spread in New York City and changed its business model. Fast-forward two years and Sunshine Foss is displaying her sunny disposition on the WCBS Small Business Spotlight, sponsored by Dime Community Bank.

Foss told Joe Connolly and Neil A. Carousso she rallied her community amid the business shutdowns and offered to sell their products on the new website she designed herself. She was in survival mode.


Read More

Australia’s Treasury Wine to overhaul business, sell assets as Chinese tariffs bite

(Reuters) – Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at least A$300 million ($230 million) as it reels from the impact of steep Chinese tariffs on Australian wine.

FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray

The restructuring was unveiled on Wednesday as the world’s largest listed winemaker reported a 43% slump in first-half net profit to A$120.9 million ($94

Read More