Who owns ravenswood winery
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The hospitality staff there will also be let go in mid-May, and the tasting room will stop taking reservations on May 17, It seems the wine itself may live on — the brand itself was recently purchased by E.
Gallo — but it's not clear what the future holds for Ravenswood's acre property and tasting room, which is still owned by Constellation. Earlier this month, the company sold the Ravenswood brand and dozens of other lower-cost wine brands to E. Ravenswood founder Joel Peterson, who opened the zinfandel-famous winery in and the onsite tasting room in , confirmed the closure to Sonoma News. He also said he's not sure what's to come of the land on the property.
Ridge still thrives, but the late and beloved Kent Rosenblum sold his winery in to Diageo , which drove the brand into the ground. Joel Peterson started it all back in , and by the late s Ravenswood was thriving. The value-priced Vintners Blend Zinfandel provided the cash, and the single-vineyard, old-vine Zins like Teldeschi, Old Hill and Dickerson provided the prestige. When that failed to raise enough money, the partners voted to sell.
Peterson remained on board after the sale, keeping a hand in winemaking and promotions for several years, but production grew and quality was inconsistent.
Peterson had all-but transitioned out when in April Constellation agreed to sell Ravenswood, along with 29 other wine and spirits brands, to E. A Sonoma source inside the wine industry voiced concerns that Gallo will drop the Ravenswood brand entirely. No profanity, hate speech or personal attacks.
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EDT on Thursday, April 12, through a. EDT Friday, April 20, Constellation Brands, Inc. As the second largest supplier of wine, the second largest importer of beer and the fourth largest supplier of distilled spirits, Constellation Brands, Inc.
With its broad product portfolio, composed of brands in all major beverage alcohol categories, Constellation believes it is distinctly positioned to satisfy an array of consumer preferences. Pauli Girl and the number one imported beer, Corona Extra.
Ravenswood Winery, Inc. The majority of the wines produced and sold by Ravenswood are red wines, including Merlot, Cabernet Sauvignon and particularly, Zinfandel. Ravenswood also produces several white wines, including Chardonnay.
Investors and stockholders are urged to read the proxy statement regarding the merger that will be filed by Ravenswood with the Securities and Exchange Commission "Commission".
The proxy statement will contain important information that stockholders should consider before making any decision regarding the proposed merger.
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