An unknown buyer acquired 42 acres of the Tenma Vineyard in Calistoga, California from Vintage Wine Estates, Inc. for $11 million.
March 09, 2023
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An unknown buyer acquired 42 acres of the Tenma Vineyard in Calistoga, California from Vintage Wine Estates, Inc. (NasdaqGM:VWE) for $11 million on March 2, 2023. Proceeds from the sale will be used to reduce outstanding debt. Barbara Gregoratos of Jones Day acted as legal advisor to Vintage Wine Estates, Inc.
An unknown buyer completed the acquisition of 42 acres of the Tenma Vineyard in Calistoga, California from Vintage Wine Estates, Inc. (NasdaqGM:VWE) on March 2, 2023.
Vintage Wine Estates, Inc. is a vintner in the United States, offering luxury wines produced by its heritage wineries, as well as several popular lifestyle wines. Its brands include Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed and Kunde. It also produces hard cider, another form of wine, under the ACE Cider brand. Its segments include Direct-to-Consumer (DTC), Business-to-Business (B2B) and Wholesale. DTC segment sells wine and other merchandise directly to consumers through wine club memberships, at wineriesâ tasting rooms, at wine tasting events, and through eCommerce. B2B segment generates revenue primarily from the sale of private label wines and spirits, and custom services, such as fermentation, barrel aging, winemaking, procurement of dry goods, bottling and cased goods storage. Wholesale segment generates revenue from products sold to distributors, who then sell them to off-premise retail locations such as grocery stores, specialty and multi-national retail chains.
VINTAGE WINE ESTATES, INC. 
