Word: inglenook
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Dates: during 1980-1989
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...longer fit into their plans. The company will sell its $100 million-a-year wine-and-brandy business and 1,160 acres of prime vineyards to Heublein, a subsidiary of London-based Grand Metropolitan, for an undisclosed amount, perhaps as much as $150 million. Heublein, which owns California's Inglenook vineyard but has no major brandy label of its own, would thus become the largest vintner (1,940 acres) in the Napa Valley...
While sales of higher-priced varietal wines, named after specific grapes like the Cabernet Sauvignon and Pinot Noir, remain strong, low-cost generic labels, the Burgundies and Chablis produced by such vintners as Inglenook and Almaden, have fallen off. The price of a gallon jug of domestic wine sold in food stores has been cut in half since 1981, to about $3. Meanwhile, foreign vintners have flooded the U.S. Helped by a strong dollar that has made their wines cheaper for American buyers, foreigners boosted their share of the American market this year to more than 25%, up from...
...Robert Mondavi have been discounted, from the superb Cabernet Sauvignon Reserve '78, down from more than $60, to $49.50 a magnum, to the pleasant Fume Blanc, at $6.50 (down from $8.50). The competition has also been fierce among domestic jug wines produced by such firms as Gallo, Almaden, Inglenook and Paul Masson, some of which have cut as much as $2 from the cost of their three-liter bottles. The serious wine collector can find remarkable bargains among prestigious Bordeaux and Burgundies, as well as vintages from lesser-known petits chateaux that have never exported before. In fact...
...Their stairs were furniture. /A bench along a landing had the same insistent/finish as an inglenook, the same square/ebony caps for screwheads as the tables and the chairs. Everything showed you how it went together...