Word: ravenswoods
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...wine drinking grows more mainstream and the NASCAR demographic gets more upscale, the two will inevitably intersect. Ravenswood Winery in Sonoma is banking on it so much that this year they will be the primary sponsor for the No. 27 Ford in three races, which means the car will be painted to look like sloshing wine going 200 miles per hour. The slogan: No Wimpy Wines. To core racing fans who are more partial to beer, that may be hard to believe - and too much to swallow...
Canandaigua's parent, Constellation (which distributes Corona beer in the U.S. in partnership with Grupo Modelo), has also been on the acquisition trail. In 1999 it acquired Franciscan Estates in Napa, whose bottles sell for $20 and up. Franciscan added Ravenswood and Simi to its higher-end collection last year. Together they sold 2 million cases for $140 million in 2001. More acquisitions are likely for the Franciscan group and Canandaigua. "We will look around the world," says Constellation's CEO, Richard Sands. "An Australian acquisition, maybe, or Italian or Spanish...
...away here. The beers are a very nice mix of domestic standards (Bud, MGD), local classics (Harpoon, Tremont, Magic Hat), familiar imports (Peroni, Amstel) and some exotic foreigners (Beamish, Tucher). Likewise, the wine list has eight quality whites and nine highly drinkable reds, such as the very solid 1999 Ravenswood Zinfandel...
...investment bank's big customers who were allocated apparently underpriced shares. In Salon's case, the offering price was determined by auction beforehand, ideally capturing money that traditional IPOs leave on the table. Hambrecht has tried the "OpenIPO" Dutch format only once before, with a California vintner called Ravenswood Winery. Next is GreatFood.com. MORE...
Less than 24 hours before the whirring chain saws and chippers descended upon Kathleen Winebrenner's street in the leafy Ravenswood neighborhood of Chicago, the desperate homeowner was buttonholing government officials, pleading for clemency. Her 30-year-old Norway maple did not deserve to die, she insisted. "I thought this can't be. Where's the Pope when you need him?" she said, staring forlornly at the sprawling branches framing her living-room window for the last time. "It had to be a mistake since it wasn't on the original list...