That’s the biggest increase reported this year by the Beer Institute. Before this, the biggest increase in 2017 was 3.7% in May. Overall, there have been four monthly increases and six monthly decreases.
In October, beer shipments by domestic brewers totaled 13.7 million barrels, up from 13 million a year earlier.
On a year-to-date basis, beer shipments still are down 1.9% from a year earlier at 144,980,000 barrels.
Ann Colgin and Joe Wender will continue to hold 40% equity in the business and maintaining their leadership functions. Their talented winery team will continue to be led by Ann Colgin & Joe Wender along with COO, Paul Roberts and Winemaker, Allison Tauziet.
Founded by Ann Colgin in Napa Valley 25 years ago, the winery’s success was built on its ultra-premium, limited production wines, all of which are consistently highly rated by several industry sources. The wines are sold primarily through an exclusive client list and also distributed to high-end restaurants and retailers in the US and over thirty countries globally.
“After a social introduction to Mr. Arnault several months ago and discussions with the LVMH team, I realized that I could not find a better partner for Colgin Cellars to preserve our founding spirit and our exquisitely handcrafted red wines, into the future. We are happy to join the LVMH Group to continue to offer our loyal customers the unique and high-end experiences we’ve been creating for them, for over a quarter of a century,” said Colgin.
“We share with Colgin Cellars the same desire to offer the very best quality products. I am therefore delighted to welcome Colgin’s unique heritage into LVMH, reaffirming our strategy of selective acquisition of the best existing terroirs, and enriching our collection of iconic wines such as Château Cheval Blanc, Château d’Yquem or Domaine du Clos des Lambrays,” said Bernard Arnault, Chairman and CEO of LVMH.
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