Workflow
Wineries
icon
Search documents
Purcari Wineries bids for rival Romanian group Serve Ceptura
Yahoo Finance· 2026-02-02 13:30
Core Viewpoint - Purcari Wineries has made a binding offer to fully acquire Romanian competitor Serve Ceptura, aiming to enhance its vineyard footprint and production capacity in the Dealu Mare wine region [1][2]. Group 1: Acquisition Details - The acquisition would expand Purcari's vineyard area by approximately 60 hectares in Romania's Dealu Mare wine region [1]. - The proximity of Serve's winery to Purcari's existing Crama Ceptura winery allows for immediate operational synergies and improved efficiency across the value chain [2]. - The deal is positioned as a strategic move to strengthen Romania's presence in global wine markets by uniting two producers committed to authenticity and terroir [2]. Group 2: Serve Ceptura Overview - Serve Ceptura produces nearly 0.5 million bottles annually and has full-cycle production facilities with a storage capacity of about 1 million liters [3]. - The winery has established a significant export presence in Canada [3]. Group 3: Purcari Wineries Background - Purcari is among the largest wine groups in Central and Eastern Europe, with a portfolio that includes brands from Moldova, Romania, and Bulgaria [4]. - The company also produces brandy through the Bardar distillery in Moldova [4]. Group 4: Recent Developments - In July, Polish food and beverage group Maspex acquired Purcari, valuing the company at 604 million lei (approximately $136 million) [5]. - Maspex now holds a 72.5% stake in Purcari, while founder Victor Bostan retains a 15% ownership [5]. - Bostan returned as CEO in December after the departure of former CEO Alexandru Filip [5]. Group 5: Financial Performance - For the first nine months of 2025, Purcari reported revenue of 300.6 million lei, reflecting a 15% increase compared to the same period in 2024 [6]. - However, EBITDA for the same period decreased by 1% year on year to 84.7 million lei, with the EBITDA margin narrowing by five percentage points to 28% [6].
Winery Expert Barb Christ of State College, PA, Shares Outdoor Tips for Young Professionals with HelloNation
Globenewswire· 2026-01-23 03:50
Core Insights - The article from HelloNation explores how young professionals in State College, PA, are embracing calmer weekend activities, focusing on outdoor relaxation and community connection [1][3][6] Group 1: Outdoor Activities - The article highlights the appeal of outdoor activities such as trails, local wineries, and scenic spots as a peaceful escape from the busy week [2][4] - Happy Valley Vineyard & Winery is presented as an ideal location for long conversations and quiet views, catering to the preference for a slower pace among locals [2][4] Group 2: Relaxation and Flexibility - Young professionals are opting for unhurried outings that allow for natural interactions, such as walking along wooded trails or open fields, which help them recharge [3][5] - The article emphasizes the flexibility of outdoor plans, where there is no need for strict itineraries, allowing individuals to enjoy the moment [5][6] Group 3: Community and Local Insights - Insights from Barb Christ, a winery expert, underscore the value of enjoying local wines in a scenic setting, which has become a favored way to unwind [4][7] - The article encourages both locals and visitors to explore the quieter side of State College, promoting a fulfilling Saturday afternoon experience that contrasts with the busier downtown area [6][8]
X @Forbes
Forbes· 2025-11-22 14:00
From emerald Douro slopes to Mendoza’s sweeping plains—this is your passport to the world’s 50 best wineries, ranked by Virgin Wines.Read more: https://t.co/4Ao3ToRstDPhoto: Getty Images https://t.co/RPGHsyYjL8 ...
Willamette Valley Vineyards Posts Results for Q3 2025
Prnewswire· 2025-11-13 23:15
Core Insights - Willamette Valley Vineyards, Inc. reported a net loss of $1,092,450 for Q3 2025, a significant increase of 286.1% compared to a net loss of $282,945 in Q3 2024 [4] - The company's sales revenue decreased by 10.9% year-over-year, from $9,370,713 in Q3 2024 to $8,353,200 in Q3 2025, attributed to declines in both direct sales and distributor sales [1] - Gross profit also fell by 13.8%, from $5,808,114 in Q3 2024 to $5,003,972 in Q3 2025 [2] Financial Performance - Loss per common share after preferred dividends was $0.33 for Q3 2025, compared to $0.17 for Q3 2024, marking an increase of $0.16 [1][8] - Selling, general and administrative expenses rose by 4.6%, from $5,944,620 in Q3 2024 to $6,217,499 in Q3 2025, driven by higher selling and marketing expenses and increased general and administrative costs [3] - The total operating expenses for Q3 2025 were $6,217,499, compared to $5,944,620 in Q3 2024 [7] Management Commentary - Jim Bernau, Founder and President, emphasized the need for innovative solutions in response to changing market conditions, highlighting the leadership of new CEO Mike Osborn [5]
X @Bloomberg
Bloomberg· 2025-08-22 00:38
A wildfire erupted near the California tourist town of Calistoga on Thursday, prompting the evacuation of nearby wineries and some rural residences. https://t.co/nDVDA4dQvG ...
Willamette Valley Vineyards Expands Ownership Access with New Preferred Stock Offering
Prnewswire· 2025-07-10 12:54
Core Insights - Willamette Valley Vineyards is offering a Preferred Stock Offering to wine enthusiasts, allowing them to purchase shares and become part of the winery's ownership family [1][2][4] Company Overview - Founded in 1983, Willamette Valley Vineyards is recognized as one of Oregon's leading wineries, particularly known for its Pinot Noir and commitment to sustainability [8][10] - The winery operates under a community-funded business model, being one of the few community-owned, publicly traded wineries in the nation [2][8] Investment Opportunity - The introductory price for shares is set at $3.35, with an annual dividend of 6.5% or wine credit with a 15% bonus for early applications [4][5] - The minimum investment is 150 shares ($502.50), while the maximum is 5,000 shares ($16,750) [4] - Share prices will increase to $3.45 on August 1, 2025, and to $3.95 on November 1, 2025, unless sold out earlier [5] Shareholder Benefits - Shareholders receive exclusive benefits, including an annual dividend, discounts on wine releases, and access to special opportunities [3][9] - The winery emphasizes a loyalty-driven approach, aiming to create a community of wine enthusiasts who support the brand [4][6] Growth and Community Impact - The Preferred Stock Offering aims to support the winery's expansion, including its vineyards, tasting rooms, and production facilities [6] - Willamette Valley Vineyards has expanded to include nine tasting rooms across Oregon, Washington, and California, facilitated by stock ownership [10]
Willamette Valley Vineyards Appoints Wine.com Founder Michael Osborn as Chief Executive Officer
Prnewswire· 2025-05-12 12:33
Core Insights - Willamette Valley Vineyards has appointed Mike Osborn as the new CEO, succeeding founder Jim Bernau, who will remain as President and Chairperson as part of a long-term succession plan [1][2][5] - The leadership change is aimed at accelerating the company's growth and enhancing its market presence, particularly in the evolving wine market [2][5] Company Overview - Willamette Valley Vineyards was founded in 1983 by Jim Bernau, who has built it into a respected winery known for its commitment to community ownership and environmental stewardship [2][5] - The winery has been recognized for its high-quality Pinot Noir and has received accolades such as "One of America's Great Pinot Noir Producers" from Wine Enthusiast Magazine [5] - The company operates under a unique shareholder model, with thousands of wine enthusiasts as co-owners, and has expanded to include 10 tasting rooms across Oregon, Washington, and California [4][5] Leadership Background - Mike Osborn, the new CEO, is known for founding Wine.com and has extensive experience in wine retail, having built it into the leading online wine retailer in the U.S. over the past 27 years [3] - Osborn's leadership is expected to bring a fresh perspective to the winery, focusing on enhancing its national and global presence while maintaining its core values of integrity, community, and quality [4][5]