Category Archives: Finance

Calif. Last-Resort Insurer to Boost Coverage Limits on Wineries

Posted on October 14, 2021 by Joel Whitaker

The California FAIR Plan, the state’s insurer of last resort, will increase its coverage limits, which have not been increased in more than 24 years, to keep up with inflation.  Currently  Earlier, Gov. Gavin Newsom signed a law allowing the … Continue reading →

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LVMH Wines & Spirits Revenue Up 27% in 9 months

Posted on October 13, 2021 by Joel Whitaker

LVMH Louis Vuitton Moet Hennessy shares rose $5.22 (3.56%) to $152,12 in U.S over-the-counter trading after the company issued its 9-month sales report, which reported the holding company’s sales rose 46% (40% organic) from the like-year-earlier period. The company’s wines … Continue reading →

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Winc Launches 5 Million Share IPO

Posted on October 13, 2021 by Joel Whitaker

Winc, Inc. (“Winc”)launchedan initial public offering of 5 million common shares. In addition, Winc expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of its common stock at the public offering price, less underwriting … Continue reading →

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Duckhorn Shareholders to Sell 12 Million Shares

Posted on October 12, 2021 by Joel Whitaker

Duckhorn Portfolio, Inc. announced the commencement of an underwritten public offering of 12 million shares of its common stock by certain of its stockholders. The Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to … Continue reading →

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Good Sunday Signs with SGWS, Obtains $1 Million Funding

Posted on October 10, 2021 by Joel Whitaker

Good Sunday said it closed a $1 Million Series A Funding round, expanded its bank credit facilities and signed a U.S. distribution agreement with Southern Glazer’s Wine & Spirits. Southern Glazer’s will distribute Good Sunday’s premium line of vodka sodas, … Continue reading →

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Simply Wall St Finds ABI’s Returns Aren’t Growing

Posted on October 3, 2021 by Joel Whitaker

Back when a gaggle of Brazilian investment bankers were stalking Anheuser-Busch InBev, we observed that they might be good in seizing control of companies, but their marketing chops left something to be desired.   Nothing since they deposed the Busch family from … Continue reading →

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