Vintage Wine Estates Inc.
Vintage Wine Estates Inc.
"937 Tahoe Boulevard, Suite 210 Incline Village, Nevada 89451"
(707) 346-3640
Sector: Food & Beverages
Description
Vintage Wine Estates Inc is an American wine company that operates in the breweries and beverages industry.
The company’s story dates back to 2000 when founder Pat Roney purchased Girard Winery in Ohio.
In June 2021, Vintage Wine Estates announced the completion of its business combination with a Canada-based publicly listed company, Bespoke Capital Acquisition Corp, a special purpose acquisition company (SPAC).
SPAC companies are formed for the purpose of arrangement, acquisition, share exchange, merger or amalgamation. It is often used by private companies to bypass the process of initial public offering.
As part of the merger, Vintage Wine and certain of its shareholders are expected to receive US$ 306 million in cash.
The combined company, named Vintage Wine Estates Inc, is listed on the Toronto Stock Exchange (TSX) under the ticker symbol ‘VWE.U.’ Its warrants are traded with ‘VWE.WT.U’ quote on TSX.
The American alcohol company also trades on NASDAQ with ‘VWE’ as the stock quote.
The Nevada-based brewing company manufactures and markets quality wine and spirit. It owns a portfolio of 50 alcohol brands dealing in luxury wines, regular wines, classic wines, and inventive vintage wines. The portfolio consists of wines, spirits and wineries as mentioned below:
• Girard Winery
• Clos Pegase
• Swanson Vineyards
• B.R. Cohn
• Viansa Sonoma
• Laetitia
• Layer Cake
• Bar Dog
• Firesteed Cellars
• Cherry Pie
• Gaze
• Sabotage
• Owen Roe
• Wine Sisterhood
• Alloy Wine Works
• Clayhouse Wines
• Buried Cane Wines
• Girl & Dragon
• The Splinter Group
• Qupe
• Cartlidge and Brown
• Purple Cowboy
• Cameron Hughes
The omni-channel company distributes its products online directly to the consumer or through retail and destination wines.
Vintage Wine Estate owns and operates beverage manufacturing operations in several wineries across Napa, Oregon, Washington State, Sonoma, and California.
On June 22, 2021, the American wine producer acquired The Sommelier Company, a California-based wine and spirit expert, to improve its direct-to-consumer reach.
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