Carlos Ghosn to be detained for further 10 days of questioning rules Tokyo court

first_img Share Read more: Assange to be expelled from Ecuadorian embassy within ‘hours to days’The ousted Nissan chief executive was re-arrested on new grounds, with allegations that he had tried to embezzle $5m from the company. Friday 5 April 2019 9:51 am Michael Searles whatsapp Carlos Ghosn to be detained for further 10 days of questioning rules Tokyo court center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Former Nissan boss Carlos Ghosn is set to be detained for a further 10 days of questioning after a Tokyo court approved the request by prosecutors on Friday.Ghosn will appeal the decision, his lawyer confirmed, but for now the Toyko District Court has allowed prosecutors to keep him in detention until April 14 after he was arrested for the fourth time at his apartment in the city on Thursday. whatsapp Ghosn’s lawyer, Junichiro Hironaka, told reporters that the defence team will file an appeal against his detention (Source: Getty)His lawyer, Junichiro Hironaka, said the defence team would be immediately filing for appeal against his detention.The arrest came 30 days after Ghosn had been released on bail worth $9m and the prosecutors may seek a further 10 day extension to his detention, but must then either bring formal charges against him or let him go.In a statement, Ghosn said the accusations against him were “groundless” and claimed he was the victim of a boardroom coup, with this latest arrest an attempt to silence him. Tags: Trading Archivelast_img read more

Draper Esprit’s tech bets pay off as portfolio value leaps 40 per cent to £984m

first_imgDraper Esprit also announced a further acceleration of its strategy to capture a bigger share of tech investment opportunities. UK venture capital firm Draper Esprit has increased its annual gross portfolio value by 40 per cent to £984m, the company said this morning. Share whatsapp Draper Esprit is a venture capital firm investing in private tech companies. Draper Esprit’s tech bets pay off as portfolio value leaps 40 per cent to £984m Delivering its annual results for the year ended 31 March, Draper Esprit posted a pre-tax profit of £267m, compared to £40m a year earlier. whatsapp Following the full year update, shares in Draper Esprit fell 1.4 per cent as markets opened. Also Read: Covid-19: PM to host 6pm press conference as full reopening set for delay Martin Davis, CEO of Draper Esprit, said that the annual growth demonstrated the “strength and flexibility” of its business model in market conditions at two extremes. The group invested £128m into a total of nine new companies throughout the year, including some of Europe’s “fastest growing private technology firms”.center_img In addition, there will be an offer made on the PrimaryBid platform of up to 603,500 new ordinary shares, to provide retail investors with the chance to participate in the equity fundraise. “Despite market shock in the first half, our scale and maturity gave us room to focus on the needs of our portfolio companies and structuring ourselves for growth. Damian Shepherd “Our close relationship to our portfolio and industry insight enabled us to accelerate into the digital transformation catalysed by the pandemic.” Show Comments ▼ Monday 14 June 2021 10:32 am Also Read: Bitcoin closes in on $40,000 as Elon Musk and Tanzania give the markets a lift Also Read: Transport for London is ready to herald the return to work The company intends to place new ordinary shares at a placing price of 800p each to raise circa £111m of new money to provide the firm with extra investment firepower.last_img read more

Head regulator says legal marijuana will be for sale by February

first_imgMarijuana | State GovernmentHead regulator says legal marijuana will be for sale by FebruarySeptember 15, 2016 by Andrew Kitchenman, KTOO and Alaska Public Media Share:Marijuana sales are expected by February, according to Cynthia Franklin, director of the Alcohol and Marijuana Control Office. (Creative Commons photo by Brett Levin)Alaska’s top marijuana regulator said Wednesday that pot will be on sale by February. But industry advocates expressed frustration it’s taken nearly two years since voters approved the sales.And legislators said they’d like to see the state allow marijuana consumption in private clubs. Some lawmakers would also like state officials work to improve marijuana businesses’ access to banks.Alcohol and Marijuana Control Office Director Cynthia Franklin told state legislators that marijuana testing should begin within weeks.“I believe that by the time we arrive at February of 2017, we will have stores that are operating; we will have product manufacturers that are making products, which have been individually approved by this board – which is a tremendous amount of work; we will have testing facilities that are testing; and we will have a lot of cultivation facilities growing a lot of legal marijuana in Alaska,” Franklin said.She spoke at a joint meeting of the House and Senate Judiciary committees at the Legislative Information Office in Anchorage.Lawyer Jana Weltzin says her marijuana business clients are paying to rent property, but they’re not receiving revenue.“It has been two years, and I’m getting to the point where some of my clients have been paying rent for a really long time,” she said.Franklin said her office has been affected by having too few staff members for the amount of work it’s required to do.Another obstacle for marijuana businesses is banking. Division of Banking and Securities Chief Examiner Patrice Walsh said Congress must change the law before banks will accept marijuana business customers.“Right now, the Division of Banking and Securities is not aware of any bank or credit union in our state that is willing to bank marijuana businesses at this time, because the businesses are illegal, under federal law,” Walsh said.But Anchorage Republican Sen. Lesil McGuire said she’d like to see the state work with federal regulators to make it easier for banking for marijuana businesses to advance. She noted a memo from former Deputy U.S. Attorney General James Cole said the federal government would take a hands-off approach to marijuana in states that legalized it.“States who have legalized this have an obligation to set up regulations that provide security and authority and a clear path for banks – lending institutions – in that state to secure a legal pathway for lending,” McGuire said.Lawmakers also questioned Attorney General Jahna Lindemuth on her recent opinion that marijuana consumption is illegal in private clubs. They disagreed with her opinion that these clubs are public spaces. The ballot question that legalized marijuana said it would be illegal to consume in public. Legislators raised the possibility that state law could be changed to allow marijuana in clubs.Share this story:last_img read more

Juneau police arrest two different people wanted on warrants

first_imgCrime & Courts | JuneauJuneau police arrest two different people wanted on warrantsApril 21, 2017 by Tripp J Crouse, KTOO Share:Juneau police arrested two people on outstanding warrants Friday.The police department sent out a news release about 10:30 a.m. requesting information on the whereabouts of Juneau resident Christopher Wesley Davison, 33.Davison was wanted on a $2,500 warrant for failure to appear on a charge of rioting and criminal mischief.At about 11:30 a.m., JPD sent an amended release saying Davison had been arrested and taken into custody.Later, while conducting a welfare check in the 6500 block of Glacier Highway, officers contacted Christopher Lee Quick, 41. Quick was arrested for two warrants issued in November 2016, a news release said.Both warrants were for failure to comply with his probation stemming from different and previous charges. One for burglary and the second for robbery and assault. Both warrants were for $10,000 each.Share this story:last_img read more

Feds seek comments on Alaska’s in-state natural gas pipeline

first_imgAlaska’s Energy Desk | Energy & Mining | North Slope | SouthcentralFeds seek comments on Alaska’s in-state natural gas pipelineAugust 8, 2017 by Rashah McChesney, Alaska’s Energy Desk – Juneau Share:The current route planned for the Alaska Standalone Pipeline — an in-state natural gas pipeline designed to bring gas from the North Slope to Alaska communities. (Map courtesy of the Alaska Gasline Development Corporation)A federal agency is asking for input on an in-state natural gas pipeline.The Alaska Standalone Pipeline would bring gas from the North Slope to Wasilla.  It’s designed to deliver  gas to communities like Fairbanks and throughout Southcentral Alaska.The Army Corps of Engineers is the lead agency working on an Environmental Impact Statement for the gasline project — a requirement for the National Environmental Policy Act.The current version of the statement — released in June — is updated from a 2012 version. It covers things like environmental consequences of the project footprint, transporting the gas, new access roads and the 13 construction camps needed to build it.The Corps is focused on the parts of the project that could impact people.“In case of social economics, you have job growth opportunities. You have employment. On the flip side, you have more stress for government support facilities or at local clinics, at hospitals, etc,” said Sandy Gibson, the gas pipeline project manager for the Army Corps in Alaska.The project is managed by the Alaska Gasline Development Corporation which is also tasked with developing a similar, but larger gas pipeline that would bring gas from the North Slope into Cook Inlet and then sell it overseas. The corporation calls the in-state pipeline, a backup project if it doesn’t get the larger pipeline built.Gibson said people sometimes confuse the two projects.“It seems that, in the last couple of decades there’s been some type of a pipeline project that has evolved into another revised project,” Gibson said. “So I think that a lot of people here in Alaska have a history with pipeline projects in general.”This summer, a team from the Corps has traveled around the state holding meetings in places like Utqiaġvik, Nuiqsut, Wiseman and Anchorage, updating people on the environmental review process.So far, Gibson said they’ve heard a lot of concern about its potential effects on subsistence.“One of the comments made that there was concern about caribou migration and that it wasn’t necessarily due to the pipeline being elevated, but it had more so to do with helicopters flying the length of the pipeline,” she said.This could be problematic during peak season, when hunters have a short window to bag a caribou and the noise could spook the herd.The comment deadline is August 14.Gibson said the goal is to publish a final impact statement at the end of 2018.But there’s still a long road ahead for Alaska’s in-state gas pipeline.After it gets an impact statement, the project still needs to get permit decisions from federal agencies like the Corps, to be built.Gibson said the environmental review and permitting process ideally go hand-in-hand.  But finishing the review doesn’t necessarily mean an agency will grant a permit.Share this story:last_img read more

Across the country, students walk out to protest gun violence

first_imgIn Chicago and the surrounding suburbs, about 100 schools had walkouts, member station WBEZ reports. The station has collected accounts from students on their website. WBEZ’s Miles Bryan reports that one school, in “conservative Plainfield,” is giving students who walk out a choice: “either have a meeting with lawmakers to learn about political process— or get one hour detention.”In San Diego, at Patrick Henry High, students held up signs — including one reading, “we go to school to learn, not to die,” reports Megan Burks of KPBS News. One student speaker, expanding beyond gun control, urged students to “look up from your cell phones. Look up from your AP tests. Look up from the soccer field. Look up at each other.”At Y-V Tech in Yakima, Wash., 17 students covered themselves in fake blood and lay down at the school’s entrance, Esmy Jimenez of Northwest Public Broadcasting reports.At Jefferson Elementary in Pullman, Wash., young students tried to organize a walkout — but administrators changed the event to a “safety assembly” with the police and fire department, including “a ‘kindness activity’ to talk with each other about bullying,” Northwest Public Broadcasting’s Scott Leadingham reports.“Student speaker/organizer, 10, wanted to talk about gun control, but says school asked him not to. ‘Come talk to me at recess since I’ve been silenced,’ he tells assembly,” Leadingham wrote from the elementary school.And at Marjory Stoneman Douglas High School — the Parkland, Florida, school where last month’s shooting took place — students gathered on the football field for a group hug, the AP writes.Students from Marjory Stoneman Douglas High School gather on the football field on Wednesday to honor the memories of 17 people who were killed during a mass shooting at the school in Parkland, Florida, on Feb. 14. (Photo by Joe Raedle/Getty Images)Copyright 2018 NPR. To see more, visit http://www.npr.org/.Share this story: In Silver Spring, Maryland, a long line of sign-holding students walked down a major street, with a police escort blocking traffic.And outside the White House, young protesters chanted: “Hey hey, ho ho! The NRA has got to go!”According to EMPOWER, the youth branch of the Women’s March, more than 3,130 school walkouts were scheduled across the country, as NPR’s Adrienne St. Clair reports.The national organizers called for a 17-minute walkout at 10 a.m. local time in every time zone.But the actual details of the protest varied from school to school.Some walked out earlier in the day. Adrienne spoke to students at Centennial High School in Idaho who scheduled their walkout for 9:28 a.m., when the bell rings, rather than 10 a.m. “This will allow students to walk out in between classes, rather than getting up in the middle of a class,” Adrienne writes. “[Student body president Tommy] Munroe said some students may be too scared to leave if they are in a class with a teacher who doesn’t support the march, and so may not have an opportunity to participate.”On the other hand, in Providence, R.I., student activists pushed the protest later, to 12:45 p.m., because “students aren’t allowed back into school once we walked out,” Dorbor Tarley explains on Facebook.And some schools are going far beyond just a 17-minute walkout.Students in some areas organized marches, letter-writing campaigns and rallies with speakers, taking up part or all of the school day.Various school districts also face different responses from administrators. Some have told students they won’t punish walkout participants. Others emphasize that normal school rules are still in place, and leaving class or campus without permission will result in disciplinary action.Some administrators promoted alternative forms of protest, like a moment of silence, or found ways to incorporate the protest into a lesson plan.Meanwhile, the ACLU is working to educate students about their rights. Schools can discipline students for walking out of class, even for a political protest, the group notes.“But what they can’t do is discipline you more harshly because of the political nature of or the message behind your action,” the ACLU writes. “The exact punishment you could face will vary by your state, school district, and school. Find out more by reading the policies of your school and school district.”Meanwhile, students in the Northeast faced another challenge: the weather.A nor’easter dropped inches of snow on Tuesday, prompting some schools to close and disrupting walkout plans — although not always completely halting protests. Nation & World | NPR News | Politics | Public SafetyAcross the country, students walk out to protest gun violenceMarch 14, 2018 by Camila Domonoske, NPR News Share:Students from surrounding schools gather at Zuccotti Park in lower Manhattan to mark one month since the high school shooting in Parkland, Florida. (Photo by Spencer Platt/Getty Images)Scout Smissen, a 17-year-old junior at Roosevelt High School becomes emotional while speaking to a crowd of hundreds at Red Square on the University of Washington campus in Seattle. (Photo by Megan Farmer/KUOW)Hundreds of students walk out of Midwood High School on Wednesday, as part of a nationwide protest against gun violence in Brooklyn. (Photo by Mark Lennihan/AP)123 read more

Sector Watch: High hopes for high-yield bonds

first_img Facebook LinkedIn Twitter Fund managers adapt to retail challenge Global high-yield bonds began 2018 in relatively strong shape, having weathered last year’s series of small interest rate increases with the help of a tailwind from a buoyant global economy.According to Toronto-based Morningstar Canada, mutual funds in the high-yield fixed-income category enjoyed a healthy 4% average gain in 2017. And Moody’s Investor Service Inc. of New York states that defaults are declining in the high-yield arena as corporate issuers enjoy rising profitability and strong balance sheets. Keywords Fund managers,  Fund performance,  Bond We’re in a risk-on bond market Recovering economy could be a boon to balanced funds Jade Hemeon Related news Share this article and your comments with peers on social media “Fundamentally, credit is in good shape [for issuers of debt securities],” says Joshua Rank, portfolio manager with Principal Global Investors LLC in Des Moines, Iowa. Principal GI is subadvisor to NEI Northwest Specialty Global High Yield Bond Fund, which is sponsored by NEI Investments of Toronto.(NEI is expected to merge soon with Credential Financial Inc. and Qtrade Canada Inc. into a new company called Aviso Wealth.)Debt issuers have been conservative from a balance-sheet standpoint, Rank says. They have not gone overboard on capital expenditures and are keeping borrowing manageable.“From a macro viewpoint, all the major economies are moving ahead, and working in sync for the first time in a decade,” Rank says, adding that this is a good sign for the strength of bond issuers and their ability to meet interest and repayment obligations.The global default rate on speculative-grade securities was 2.9% at the end of 2017, according to Moody’s, which forecasts that the rate will continue to slide this year to finish 2018 at 1.9% due to strong economic growth, good liquidity and low refinancing risk.Historically, Rank says, the default rate in the high-yield category has been closer to 5%, making the current market healthy in comparison.Corporate bonds historically have been negatively correlated, for the most part, to 10-year U.S. treasury bonds, Rank adds. This characteristic makes corporate bonds a useful diversification tool in a fixed-income portfolio.A key strategy for protecting portfolios from any damage inflicted by rising interest rates is to stick to short-term securities. The average duration of Rank’s NEI portfolio is about 3.7 years, less than the 3.9 years for benchmark averages.The newly passed U.S. bill on tax cuts, he adds, will further strengthen U.S. high-yield bond issuers by increasing corporate profitability. With higher cash flow, some issuers will experience upgrades in their rating status, which will give them access to a bigger pool of borrowers and to money at lower interest rates.“The tax cuts should help extend the credit cycle,” Rank says. “The cuts give corporate issuers momentum and extend the period of bullishness. The biggest potential risks would be a surprise on the inflation side or in the pace of interest rate hikes, but those are both in check at this point.”On a geographical basis, the NEI fund has 76% of its assets under management (AUM) invested in the U.S., 8% in Canada and about 15% in Western Europe, along with a minimal cash holding. The fund is invested entirely in corporate bonds.Rank is leery of retailers’ debt, pointing to the bankruptcy filing last year of Toys “R” Us Inc. and the vulnerability of department stores such as Macy’s Inc.He also is avoiding the oil services industry and “wireline” technology companies. Oilfield servicing will suffer from a decline in deep-sea exploration, he says, but he likes the bonds issued by some independent explorers and producers in the energy sector, particularly in U.S. shale.Among the NEI fund’s top holdings are several issues of subordinated debt in the financial services sector, including issues from Ally Financial Inc., Citigroup Inc. and JPMorgan Chase & Co. Rank’s fund portfolio also holds debt issued by GardaWorld Corp., a Canadian private security firm.Greg Kocik, managing director with Toronto-based TD Asset Management Inc. and lead manager of TD High Yield Bond Fund, says the likelihood of further interest rate increases is hanging over the bond market. But, he adds, credit risk is declining as economic strength leads to higher capacity utilization and rising employment.Based on bond market averages, Kocik says, the spread between high-yield corporate bonds and government issues shrank to about 350 basis points (bps) after a high-yield rally in January. That change represents a tightening from about 430 bps a year earlier. Kocik doesn’t see much room left for high-yield bonds to benefit from further capital gains and reductions in the spread, Therefore, he is focusing on quality companies that manage their balance sheets conservatively.“We don’t foresee the spread tightening significantly more, and rising government bond yields could be a headwind for the entire bond market in 2018,” Kocik says. “However, in an environment of growing economies and improving credit quality with rising cash flows, you still want to be in corporate bonds for the continuing yield advantage.”In 2017, the U.S. Federal Reserve Board raised its benchmark lending rate by 25 bps three times to a targeted range of 1.25%-1.5%. Three more similar hikes may happen this year.The Fed is responding to positive news, as U.S. economic growth is estimated to be around 3% for 2017 and 2018, and the unemployment rate is expected to drop below 4% in 2018. However, both Kocik and Rank say the Fed will proceed cautiously with rate hikes, as long as inflation remains benign, in order to keep the economy bubbling. Inflation in the U.S. is estimated to be around 1.7%, which is lower than the Fed’s 2% goal.Like Rank, Kocik chooses investments with short terms to protect against rising interest rates. The average duration of the TD fund’s portfolio is less than three years.“We’re looking at high-quality names with shorter maturities,” Kocik says. “Our duration is significantly lower than [that of] the index, and that’s a major risk-mitigation tool for us. The yield may be lower, but the quality is better. If there is a sell-off, the fund will drop less than the overall market. Despite our constructive view on the economy, we are defensive.”The TD fund has a 92% weighting in corporate bonds, about 6% of AUM in floating-rate notes and 2% in cash.On a geographical basis, about 80% of the TD fund is invested in the U.S., 10% in Canada, 6% in Europe and 2% in emerging markets.Looking ahead, Kocik foresees interesting opportunities in high-yield bonds related to the retail and discretionary consumer spending industries in the U.S. Fears about the decline of traditional retailing in the face of threats from online retailers such as Amazon.com Inc., he says, “have snowballed beyond reality.” Some retailers’ debt issues are trading at attractive prices, although, he says, it’s “important to be in the right names.” One of the TD fund’s top holdings is issued by Best Buy Co. Inc., a U.S.-based electronics retailer.In the technology sector, the TD fund holds bonds issued by Seagate Technology PLC, a California-based supplier of computer disk drives.Other sectors that have experienced sell-offs and look ripe for opportunity include U.S. health care, metals and paper-related names in the forest products industry. In health care, one of the TD fund’s top holdings is HCA Healthcare Inc., the largest private-sector hospital operator in the world. He says the company has strong free cash flow and its bonds are moving toward an investment-grade rating.In what Kocik calls the “unloved” forest products industry, the TD fund holds debt issued by Montreal-based Resolute Forest Products Co., which has suffered from declining paper usage by consumers with a preference for digital technology, but which, Kocik says, is well diversified in other products, such as lumber.Kocik also is looking at energy, a sector that has been out of favour since oil prices dropped from their peaks, but is improving after several years of cost-cutting. He favours producers and “midstream operators,” such as storage companies and suppliers.He is reducing exposure to the auto industry, for which, he says, the business cycle has “peaked.”Both Rank and Kocik are sniffing for value opportunities in the out-of-favour metals industry.“We always are looking forward and assessing credit risk six to 12 months out,” Kocik says. “Internally, we create our own credit ratings, and a big part of our strategy is to benefit from the lag that occurs before an improving issuer is upgraded by a rating agency.”last_img read more

Amcor’s Stelvin Inside Wins WorldStar 2016 Award

first_imgHome Industry News Releases Amcor’s Stelvin Inside Wins WorldStar 2016 AwardIndustry News ReleasesWine BusinessAmcor’s Stelvin Inside Wins WorldStar 2016 AwardBy Press Release – December 14, 2015 61 0 AdvertisementAmcor is proud to have received a WorldStar 2016 award for STELVIN® Inside, a new range of aluminium wine closures and liners that can double wine makers’ Oxygen Transmission Rate (OTR) choices.Each of the four liners has a different OTR target which, through technical developments in combination with other materials that make up the liner, ensures a controlled level of oxygen dispersion, so allowing wine makers and consumers consistency from one bottle to the next.Liners are highly complex and play a pivotal role in aluminium closures for wine. They guarantee absence of cork taint, ensure consistency from one bottle to another and secure the preservation of aromas, flavours and freshness as well as controlled OTR, which is critical to the wine ageing process. All the films used in the liners are produced by Amcor and are PVDC-free.Nicolas Freynet, General Manager of Amcor Flexibles Capsules commented, “Amcor Flexibles Capsules is delighted that STELVIN® Inside has been recognized by the WorldStar 2016 jury. It demonstrates our ability, as the pioneer of STELVIN® aluminium closures, to continue to develop breakthrough innovations which offer new benefits for winemakers and consumers alike.”In addition to winning its own award for STELVIN® Inside, Amcor was involved in the development of Lipton’s ultra-lightweight hot-fill package, which was also recognized by the WorldStar judges. Amcor Flexibles won two further awards for groundbreaking pharmaceutical and medical packaging concepts.About Amcor Flexibles CapsulesAmcor Flexibles Capsules, is a market leader specializing in the design and manufacture of overcaps and closures for wine, sparkling wine and spirits. Amcor Flexibles Capsules has plants in France, Canada, USA and Chile. STELVIN® is a trademark of the Amcor Group.About AmcorAmcor (ASX: AMC) applies art and science to create responsible packaging solutions that enhance the products people use in everyday life.  With global leadership positions in flexibles and rigid plastics packaging, Amcor continually innovates to find new and better ways to protect essential products such as food, beverage, pharmaceutical, medical, personal and household goods. Headquartered in Melbourne, Australia, Amcor employs almost 29,000 people worldwide and has operations across over 40 countries. For more information, visit www.amcor.comAbout WPOWPO – World Packaging Organisation is the organisation behind the WorldStar packaging awards. It is a non-profit, non-governmental, international federation of packaging institutes, associations, federations and other interested parties including corporations and trade associations. For more information, visit WPO webpage at www.worldpackaging.orgAdvertisement ReddIt Email Facebook Linkedin TAGSAmcorfeaturedStelvinWorld Packaging OrganisationWorldStar Award Share Pinterest Twitter Previous articleLet’s Start a Wine ClubNext articleLodi Winegrape Commission Referendum Passes with 90.2% Approval Press Releaselast_img read more

San Francisco Vintners Market Returns to Fort Mason Center for Two…

first_imgFacebook Twitter Previous articleSanta Lucia Highlands to Celebrate Annual Gala on May 20Next articleBottlebooks Teams with Firewater Partners on New Standard for Data Exchange in Drinks Industry, Now Available in the U.S. Press Release AdvertisementSince 2010, SF Vintners Market has hosted over 95,000 wine consumers and 2,000 wineries that have collectively generated over $6,000,000 in event weekend winery direct sales.SAN FRANCISCO, CA, February 6, 2017 – San Francisco Vintners Market returns to Fort Mason Center’s Festival Pavilion for two 2017 events, March 11th-12th and November 4th-5th.Now in it’s 8th year, the spring San Francisco Vintners Market will be held on March 11th-12th. Wineries interested in selling their wine direct-to-consumer at the event can find more information and register at www.sfvintnersmarket.com or by contacting [email protected] or via phone at 415-713-5331.The twice-per-year, one-of-a-kind farmers market has allowed wineries to “Bring the tasting room to the city” where they can meet, market to, and sell their wine and wine club memberships to thousands of wine lovers on the lookout for the wines that they will be drinking for decades to come.Participating wineries have the option to present their wines in three distinct retail spaces, the Cult Room, where wines $100 per bottle or higher are marketed and sold, the Reserve Room, where wines $50-$99 are marketed and sold and the Main Room where wines $49 and below are marketed and sold.New Perks For 2017:Wine classes: Wine education classes for both consumers and the tradeWinery Association group discounts: Get together with ten or more wineries for your own pavilion with custom branding and special mention in all marketingSales boost: Wineries push Wine Club Memberships and Post-Event order shipping to streamline buying. Sales made while the customers are in good spirits!More fun facts for wineries looking to grow their customer base:2,000+ new consumer attendees come to each event400+ wine buyers from on-and-off premise attend looking for new productsMore than $500,000+ in winery retail sales during the event weekend (through Square app alone)SF Vintners Market has been extraordinarily effective in creating an approachable forum for new, impressionable wine enthusiasts looking to cultivate their palates and stock their wine cabinets and cellarsTo participate in the 2017 San Francisco Vintners Market events call or email us today at 415-596-1191 or [email protected] San Francisco Vintners Market – “Try it and Buy it!”San Francisco Vintners Market is a farmer’s market style shopping experience where wine enthusiasts can taste wines and purchase cases on the spot from more than 150 wineries. Attending vintners will be pouring wines from around the world including new releases, library collections and end-of-vintage selections. International wines will also be available for tasting and purchase.San Francisco Vintners Market has a limited number of sponsor and partnership opportunities available.For sponsor and partnerships contact:Cornelius Geary, CEO/[email protected] 415-596-1191To participate as a winery or winemaker contact:Bridget Raymond, Director of Sales & [email protected] 415-713-5331For wineries and wine groups contact:[email protected] Firewater Partners:San Francisco-based Firewater Partners owns and produces compelling experiential events that bring innovative industry partners and cutting-edge consumers together to transform the categories that they work and play in.Advertisement Pinterest Home Industry News Releases San Francisco Vintners Market Returns to Fort Mason Center for Two 2017…Industry News ReleasesWine BusinessSan Francisco Vintners Market Returns to Fort Mason Center for Two 2017 “Try and Buy” EventsBy Press Release – February 6, 2017 49 0 Linkedin TAGSConsumerFirewater PartnersSan Francisco Vintners Market Email Share ReddItlast_img read more

Patina Restaurant Group Founder Joachim Splichal Launches 2017 Rosé Wines from…

first_img TAGSConsumerDomaine de CalaJoachim Splichal Pinterest Email Facebook Previous articleBodegas LAN Expands US Distribution and Portfolio to Meet Market Demand, Offering Full Range of Classic and Single Vineyard WinesNext articleWomen of the Vine & Spirits Foundation Now Accepting Scholarship Applications Press Release Twitter Home Industry News Releases Patina Restaurant Group Founder Joachim Splichal Launches 2017 Rosé Wines from Family-Owned…Industry News ReleasesWine BusinessPatina Restaurant Group Founder Joachim Splichal Launches 2017 Rosé Wines from Family-Owned Domaine de Cala Winery in ProvenceBy Press Release – August 2, 2018 367 0 Share ReddIt AdvertisementFollowing its inaugural season, celebrated chef expands new vintage in U.S. and global markets(LOS ANGELES; July 2018) — Following a successful year of introducing his wine to consumers, Patina Restaurant Group Founder and acclaimed Chef Joachim Splichal announces the launch of two new rosé wines, the 2017 Domaine de Cala Rosé and 2017 Domaine de Cala Prestige Rosé, from his family-owned and operated winery this month. Both wines are a distinct expression of their refined, Provencal roots hailing from the French vineyards between Nice and Aix-en-Provence, showcasing a pale pink hue with bright and clear reflections, evoking both floral and citrus notes that delicately progress into a spicy aroma. Priced at $15.95 for the classic Rosé and $25.95 for the Prestige Rosé, and an ideal wine to pair with a variety of dishes, Domaine de Cala is available for purchase throughout the U.S., including Whole Foods locations throughout southern California, as the brand continues to rapidly expand in global markets including Holland, Germany, Japan and France.Splichal’s personal connection to the region of Provence is deeply established, having started his illustrious culinary career in France, cooking at two- and three-Michelin star restaurants in Nice, La Napoule, and Antibes. His introduction to the food, culture, and overall climate of the region, combined with his early exposure to wine having managed the cellar at his parents’ restaurant in Germany as a young adult, planted the seed that would grow into the dream of owning his own Provencal winery. In 2015, Splichal turned that vision into a reality and purchased the expansive 600-acre property from French wine broker Thibaud Desprets, including a 120-acre vineyard, which had already been producing premium rosé on the land for over 60 years. The sprawling estate features truffle trees and a wild boar population, as well as a striking winery and tasting room with rich architectural character—designed by French architects Michel Roberts and Eric McDonald—which complements an idyllic 18th-century farmhouse updated to accommodate living quarters. In hopes to keep the winery as a family business, Splichal thoughtfully brought on board his twin sons, Nicolas and Stepháne, as business partners and organized a group of renowned experts in viticulture to complete the Domaine de Cala team.At the forefront of the brand is world-renowned Winery Consultant Stéphane Derenoncourt who started his career working the harvest in Bordeaux in 1982, before finding great success working for Paul Barre and, later, at Château Pavie-Macquin in Saint-Emilion where he helped the boutique brand gain international recognition after only a few vintages, and Château Canon La Gaffelière before starting his own consulting firm in 1999. In addition to serving as a Winery Consultant, Derenoncourt also manages winemaker duties for the winery’s red wines.Rosé Winemaker Bruno Tringali, a Provence resident, received his degree in oenology at Montpellier’s Faculté de Pharmacie before beginning his career overseeing the nearly 100-acre vineyards and wine cellar at Domaine du Thouar Le Muy in Draguignan in the Provence region, and eventually relocating to Vidauban to work as operations manager for Château Cavalier. Tringali then returned to his native Provence and launched BTOEV Consulting in Draguignan in 1994, having evolved into an expert in the expression of the southern French terroirs, and the production of Provençal rosés. Technical Manager François Rigord rounds out the core staff at Domaine de Cala with his 15 years of vineyard experience between Provence’s Commanderie de Peyrassol and Château Riotor. “We are a passionate group of winemakers, and Domaine de Cala is a rare combination of soil and climate, carefully handcrafted to respect the fruit and enhance the extraordinary living heritage of the region,” says Splichal. “Even the cellar at Domaine is a combination of technology and simplicity that is guided by the human hand, as it’s essential that we are preserving the authenticity and flavors of the fruits.”About Domaine de CalaProprietor Joachim Splichal, chef and founder of Patina Restaurant Group, returned to Provence, France, where he began his storied culinary career, to achieve the culmination of his lifelong appreciation for wine: Domaine de Cala. Located on 600 acres in Brignoles, the winery calls on internationally acclaimed Winery Consultant Stéphane Derenoncourt to oversee the winery operations and make its red wines; Provençal rosé expert Winemaker Bruno Tringali to develop its rosés; and Technical Manager François Rigord to manage the vineyard. Established in 2015 by Splichal and his partners, sons Stephàne and Nicolas Splichal, Domaine de Cala released its first vintage in 2015, and proudly released its 2017 rosé and 2017 Prestige rosé in spring 2018, with future plans to expand the portfolio with a red and white wine. Splichal’s astounding property in Provence boasts a 120-acre vineyard, truffle trees, wild boars, an updated 18th-century farmhouse, and an expansive, architecturally stunning winery and tasting room designed by French architects Michel Roberts and Eric McDonald.With his culinary roots planted in France, Splichal worked his way up the ranks at some of the world’s most revered restaurants, including Le Chantecler in the Hotel Negresco in Nice and the Michelin three-star L’Oasis in La Napoule, before relocating to Los Angeles where he opened Patina restaurant, the flagship which led to the establishment of Patina Restaurant Group, which remains a revered culinary empire today featuring more than 65 distinguished restaurants and personalized catering services. Splichal has received a number of top awards in the culinary industry including induction into the James Beard Foundation’s “Who’s Who of Food and Beverage in America,” and the “Richard Melman Innovator of the Year” award from Restaurant Hospitality magazine. For more information on Domaine de Cala, visit http://domainedecala.com/ or follow the global wine brand on Instagram and Vimeo.Advertisement Linkedinlast_img read more