Phoenix Sun Times | By Sara Crocker | June 3, 2025 An 800-person town in southeastern Arizona with some of the state’s oldest wineries may be on the precipice of becoming the “next Napa,” according to Wine Enthusiast. The magazine featured five regions across the United States that could make the same leap that the rural northern California […]
Arizona’s wine tourism industry has seen explosive growth during the past decade, headlined by an astounding 677% increase in wine experience-driven visitor spending and a 500% leap in wine-related employment since 2011, according to a recent study of Arizona’s wine tourism industry conducted for the Arizona Office of Tourism by the Economic Policy Institute at Northern Arizona […]
Jay Adair, a Texas billionaire known for his Copart ecommerce empire, has made a groundbreaking acquisition of five wineries in Napa and Sonoma, including Clos Pegase and B.R. Cohn. This $85 million venture, under his newly formed Adair Family Wines, promises to rejuvenate these iconic properties through extensive renovations, quality-first strategies, and a family-centric management […]
Duckhorn Portfolio, a leading North American luxury wine producer, has been acquired by private equity firm Butterfly in a $1.95 billion all-cash deal. This acquisition reflects Duckhorn’s premium market position with renowned brands like Duckhorn Vineyards and Decoy. Butterfly, specializing in food and beverage investments, aims to amplify Duckhorn’s growth globally. Shareholders will benefit from […]
Treasury Wine Estates, the Australian producer behind Penfolds, is acquiring Daou Vineyards in California for over $1 billion, signaling a strategic pivot toward premium U.S. wines. With $900 million upfront and $100 million in potential earn-outs, the deal aims to capitalize on America’s growing preference for upmarket wines. This move also mitigates risks tied to […]
