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Jackson Family Wines (JFW) is expanding Down Under, inking a deal to acquire Giant Steps winery in Australia’s Yarra Valley in Victoria from founder Phil Sexton. The purchase includes the Sexton and Applejack vineyards, about 75 acres total. The winery and cellar door (Aussie for tasting room) are currently under sublease to JFW, while the winery's popular restaurant in Healesville, Victoria, is not part of the deal. Sexton, who is also the winery's general manager, and chief winemaker Steve Flamsteed will remain at Giant Steps, and long-term vineyard contracts will remain in place. The purchase price was not disclosed.
"Our family is excited to be a part of the Yarra Valley community and help build upon the incredible legacy of Phil Sexton and Steve Flamsteed," Chris Jackson, one of the second-generation proprietors of JFW, said in a statement.
"This partnership brings us the relationships and careful resources of a great wine family who are committed to vineyards, sustainability and faithful expression of site," Sexton told Wine Spectator.
The deal is a strategic move for JFW. It expands the company’s Australian portfolio and vineyard holdings in a way that doesn't compete with its other properties, adding an exciting brand in an emerging category in Aussie wine of fresh, cool-climate wines.
Sexton founded Giant Steps in 1997. He's both an Australian wine pioneer and an innovator, known for creating, building and then selling brands. Originally a brewer, Sexton co-founded Matilda Bay Brewing Company in 1983, selling it to Foster’s Group in 1990. He shifted to wine when he founded Devil's Lair in Western Australia's Margaret River wine region in 1985. He sold the company to what is now known as Treasury Wine Estates in 1996.
Anticipating what would become a new movement in Aussie wine, Sexton sought cool-climate wine expressions, moving to the Yarra Valley and creating Giant Steps. It's named for the famous album by jazz saxophonist John Coltrane. The brand, under Steve Flamsteed's winemaking, became known for exceptional single-vineyard and regional bottlings of Pinot Noir and Chardonnay. The wines have been on Wine Spectator's Top 100 list and featured at the New York Wine Experience. Current production is 30,000 cases annually, with plans to grow to 35,000.
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Sexton also founded Innocent Bystander in 2003, which focused on value-priced wines from the Yarra Valley. He sold that brand to Brown Brothers in 2016.
Giant Steps becomes the third Australian property in JFW's portfolio. The Sonoma-based family company acquired Yangarra Estate Vineyard in 2001 and Hickinbotham in 2012.
Sexton calls the move a new chapter for Giant Steps. "With JFW, we are hoping that we can increase the footprint of our wines available in the U.S. Cool-climate Pinot and Chardonnay from the southern parts of Australia are still new to many wine lovers in the U.S., and we believe that JFW's passion for these styles will help us take these wines to them," he said. "We feel that the future for Giant Steps is just beginning."
"wine" - Google News August 24, 2020 at 10:59PM https://ift.tt/3jmXRvB
Jackson Family Wines Buys Australia's Giant Steps Winery - Wine Spectator "wine" - Google News https://ift.tt/3d98ONZ https://ift.tt/2KTSYuD Wine Aziz BloggerAugust 24, 2020AdminBandung Indonesia
kiratni.blogspot.comJackson Family Wines (JFW) is expanding Down Under, inking a deal to acquire Giant Steps winery in Australia’s Yarra Valley in Victoria...
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26 West on the Navesink has been a busy scene with its outdoor dining venue, so check out their upcoming Oyster and Wine Pairing event on Tuesday, August 25, where you’ll be treated to an amazing tasting!
Join us for a tasting of expertly paired wine and oysters and learn about what makes each pairing work so well!
About this Event
We will be featuring 6 wines paired with 3 east coast oysters and 3 west coast oysters. Learn what makes each pairing work so well based on the different flavors and textures of each!
Tickets for 26 West on the Naveink’s Oyster and Wine Pairing are available for purchase through the link below at $35 per person. It’ll be held from 6:00 p.m. to 9:00 p.m. at its location on 26 West Front Street in Red Bank, NJ.
"wine" - Google News August 24, 2020 at 07:21PM https://ift.tt/31rkatU
26 West on the Navesink to host its oyster and wine pairing event tomorrow night - redbankpulse.com "wine" - Google News https://ift.tt/3d98ONZ https://ift.tt/2KTSYuD Wine Aziz BloggerAugust 24, 2020AdminBandung Indonesia
kiratni.blogspot.com[embedded content]26 West on the Navesink has been a busy scene with its outdoor dining venue, so check out their upcoming Oyster...
