All around the country, thrifty wine drinkers pop into their local Trader Joe’s for a bottle of Two-Buck Chuck wine, or pack up their massive Costco trolley with some Kirkland Signature vino. But Chuck and Kirk have a new competitor for that discount drink dollar: Target, which has just unveiled its own line of $5 wines. Target announced the debut …
NYS Entity Status
NYS Filing Date
FEBRUARY 28, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - FIASCO DI VINO FINE WINE & SPIRITS CORP
Around the Web
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Beverage giant Constellation Brands has agreed to purchase several wine brands from Charles Smith, the Washington state wine entrepreneur, for $120 million.Syrah, Eve Chardonnay and Chateau Smith Cabernet Sauvignon.Smith will retain K Vintners, Wines of Substance, ViNO, Casa Smith, SIXTO, B. Leighton and Charles & Charles — a total annual production of about 350,000 cases.For a fixed term, he’ll continue to advise Constellation on the wines’ production.Constellation says retail sales of the $12 white wine grew 45 percent last year.The transaction is the latest in a string of high-profile acquisitions by Constellation, which appears to be bullish on the premium-price sector of wines.
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It’s been nearly a year since Wells Fargo was slapped with a $185 million fine for pushing their employees to increase their sales numbers by opening new accounts without proper authorization from the customer. Now the bank has revealed a new estimated number of so-called ‘fake accounts‘ that is 1.5 million higher than the bank had previously disclosed. …
- Business News Roundup, July 25
By Chronicle News Services - Monday Jul 24, 2017
Vino Volo, a boutique wine bar and shop found in airports across North America, has been acquired by Hojeij Branded Foods, an airport food and beverage operator based in Atlanta, the companies said Thursday.Vino Volo (derived from “wine flight” in Italian) has more than 40 locations at 32 airports and offers wines from around the world, tasting flights and bottles for purchase or shipping.“We are delighted to join forces with HBF,” says Vino Volo CEO Doug Tomlinson, who founded the Oakland company in 2004.With the retention of Vino Volo founder Tomlinson as president, Vino Volo will become a wholly owned subsidiary of HBF, run by Vino Volo’s current leadership team under the leadership of the HBF CEO.“Combining the forces of HBF and Vino Volo is a natural fit for both companies,” says HBF CEO Regynald G. Washington.WebMD, the online information source on health topics, announced Monday that it will be acquired by Internet Brands, a new media company controlled by global investment firm Kohlberg Kravis Roberts.According to the company, stockholders of the New York health information provider would get $66.50 per each share in cash, a 20 percent premium over the Friday closing price of $55.19.The sale comes after WebMD announced in February that the management team was working with its legal and financial advisers to explore various strategies to stay competitive.The company was founded in the mid-1990s and quickly became a prominent name in the digital space as one of the leading information providers on medical symptoms, pharmacy, drugs and physicians.WebMD’s stock jumped around 20 percent on the New York Stock Exchange in the first hour of trading after the deal was announced, a sign that investors are as optimistic as the company’s management about future prospects after the acquisition.Demand for Hasbro Inc.’s Easy-Bake, Playskool and Super Soaker brands declined in the second quarter, pushing sales below analysts’ estimates.While the company’s franchise products — Transformers, Nerf and Monopoly, among others — remained strong, the results sent shares down the most in 21 months.The taxi app Grab has been given an additional $2 billion in financing, revealing the intense competition among car services in Asia that has forced companies like Uber to take a back seat to rivals with extremely deep pockets.
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