Silicon Valley Bank Extended Coverage & Lots More Wine News

March 13, 2023 - Wine Industry Insight Daily News Feed

Author

Becca Yeamans
March 13, 2023

Today’s Top Story

What is the Future of the Silicon Valley Bank’s Wine Reports? - The Wine Data Researcher

Former Executive Vice President of the Silicon Valley Bank (SVB) Wine Division, Rob McMillan, tried answering that question this weekend on his personal blog. He said if the SVB Wine Division is not reinstated in the next few weeks, the Direct-to-Consumer (DTC) benchmarking information can’t be produced this year. His other immediate concern is the

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Vintage Wine Estates Announces Sale of Tenma Vineyard

INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-customer platform, today reported the sale of the Tenma Vineyard in Calistoga, California.

HSBC acquires Silicon Valley Bank UK in last-minute deal, says all depositors’ money is safe

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1 after a tense weekend of negotiations in the wake of the collapse of SVB.

Was The FDIC Statement On SVB Too Vague To Stop Contagion? First Republic Stock Cratered Today | Wine Industry Insight

Yesterday (March 13), I took heat from a prominent wine industry executive because I stated in a Facebook post that theTreasury/Fed/FDIC statement was too little, too vague, and would not do much to quell contagion.

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J.P. Morgan, PNC among suitors for SVB holding company

Talks exclude the stricken commercial bank, sources told Axios.

HSBC acquires Silicon Valley Bank UK in last-minute deal, says all depositors’ money is safe

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1 after a tense weekend of negotiations in the wake of the collapse of SVB.

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3 bed Home in Paso Robles for $5.75M

Photos, maps, and description for 7210 Vineyard Drive Paso Robles, CA. Search homes for sale, get school district and neighborhood info for Paso Robles, CA on jennyheinzen.com -- Real Estate Search.

In Case You Missed It

Silicon Valley Bank crisis: Everything you need to know about SVB Financial as regulators shut down the bank

Turmoil at the little known Silicon Valley Bank is dragging on some of the US's best-known blue-chip companies, including JPMorgan and Bank of America.

How The Wine Industry Aims To Make Wine Lovers Out Of Gen X, Z And Millennials

Younger people are not drinking wine the way their parents have, and the industry seeks to change that situation.

Need another incentive to move to lightweight glass? How about $2.2 million over 14 years?

In recent months we've been thinking a lot about alternatives to the glass bottle. We've been focusing on reusable stainless steel kegs for sale to restaurants and wine bars and for our tasting room. We've put our first few wines...

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More SVB Coverage

Silicon Valley Bank collapse is causing a financial crisis for California’s wine industry

The wine industry is facing an unprecedented financial crisis amid the fallout.

Bank Closure a Blow to Wine Industry

The news Friday that Silicon Valley Bank was shut down and taken over by the US government shocked the investment world. Wine got little attention in media coverage because wine was only 2 to 3 percent of SVB's business.

The first social media bank run? A newsletter popular with VCs may have been the domino that started the Silicon Valley Bank implosion

Silicon Valley Bank’s failure can be traced back to a newsletter and an accompanying tweet, one theory goes.

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Investing, Collecting & Auctions

With Thirst for Burgundy Growing, A Barrel Auction is Gaining Attention

Less famous than its Beaune counterpart, the Hospices de Nuits-St.-Georges auction will offer 160 barrels of Burgundy's latest vintage

Hospices de Nuits raises €3.6 million for charity

The annual Hospices de Nuits wine auction, held yesterday at the Château du Clos de Vougeot, raised a total of €3,603,000, up 45% on last year.

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Finance, M&A

The Wine Group Looks To Grow With Acquisition of Paicines Vineyards

Learn more about the deal involving a 1,300-plus-acre collection of vineyards and land.

The Wonderful company acquires new Calistoga vineyard

The Wonderful Company, which owns Paso Robles estate Justin Vineyards and Winery, has acquired a vineyard near Calistoga.

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Diversity, Equity & Inclusion

The Wine World Is Diversifying, but Progress Is Slow. Here’s How the Pros Are Helping to Speed It up.

Sponsored programs by Hennessy and Dom Pérignon are changing the landscape but at a slow rate.

Romania’s Viticulture Renaissance – highlighting women winemakers at the heart of Europe

Romania can count back in millennia, when it comes to experience in wine making; in fact it has one of the world’s oldest winemaking traditions and is even one of the world’s largest producers.

Sales & Marketing

A Good Death Has Come To Pass

The objectionable was rejected, but it WILL rise from the dead.

Want liquor or beer delivered to your front door? This Kansas bill could make it happen.

Kansas is considering allowing the home delivery of liquor by retailers and third-party delivery services, such as DoorDash or Uber Eats.

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Wine Industry Professionals

An Exclusive Conversation With Sotheby’s New Global Head Of Wine Retail, Vanessa Conlin

Conlin will lead the brick-and-mortar wine business, digital content and community strategy to further Sotheby's 20 percent YOY increase for worldwide auctions of Wine & Spirits.

Washington Wine History Interviews: Wade Wolfe, Thurston Wolfe Winery

Wade Wolfe (b. 1949) is one of Washington’s wine pioneers, with vast expertise in viticulture and winemaking.

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