Purchase comes on the heels of acquisition streak by VWE
July 14, 2017
Vintage Wine Estates (VWE), Santa Rosa, Calif., announced the purchase of its first fine wine brand from Oregon: Firesteed Cellars of the Willamette Valley.
Within the wine and spirits markets, dark spirits, sparkling wines and red blends are leading growth, according to analysts. The whiskey segment saw volume increase 6.8 percent to 21.8 million cases and revenues grow 7.7 percent to $3.1 billion in 2016, according to the Washington, D.C.-based Distilled Spirits Council.