Silicon Valley Bank’s assets and liabilities have been bought by First Citizens Bank & Trust, a North Carolina–based bank that has been quietly growing over the last decade, now one of the 20 largest banks in the United States. First Citizens is taking on $110 billion in assets, $56 billion in deposits and $72 billion
Month: March 2023
Champagne Henriot has new owners … again. Six months after Artémis Domaines bought majority control of Maisons & Domaines Henriot, which included the Champagne house as well as Bouchard Père & Fils in Burgundy, William Fèvre in Chablis and Beaux Frères in Oregon, the Pinault family-owned firm has announced it will sell Champagne Henriot to
After more than 17 years producing some of Tuscany’s most renowned wines in Bolgheri, Ornellaia winemaker Axel Heniz is going back to Bordeaux. Wine Spectator has learned that Lawrence Wine Estates has hired Heinz to serve as CEO of Château Lascombes. Partners Gaylon Lawrence and Carlton McCoy purchased the Margaux second growth six months ago.
World Central Kitchen (WCK), the charitable organization founded by chef José Andrés that has served nearly 300 million meals to communities in need in more than 45 countries, has announced that Erin Gore will be taking the reins as chief executive officer. For almost four years, Gore has led WCK’s philanthropic relationships and development team,
Along with opening a new restaurant in White Plains, N.Y., and another in Manhattan, acclaimed chef-restaurateur David Burke has brought his flair to Rhode Island, his first location in the state. Earlier this month, Burke and David Burke Hospitality Management (DBHM) took over food and beverage operations at the Preserve Sporting Club & Residences in
The Naples Winter Wine Festival (NWWF) reached new heights in early February, as 675 wine lovers gathered in a tent outside the Ritz-Carlton Naples, Tiburón to bid on lots combining luxurious travel and culinary experiences with rare wines. The auction, which benefits the Naples Children and Education Foundation (NCEF), has firmly established itself as the
How do some of the world’s most successful chefs, somms and winemakers balance wine and health? Red Rooster chef-owner Marcus Samuelsson and Frasca somm-owner Bobby Stuckey join the latest episode of Straight Talk to share how they keep perspective—and keep fit. Host James Molesworth and Wine Spectator senior editor Kristen Bieler take a closer look at our Wine
On Thursday, March 9, a customer brought a single bottle of wine to the sales counter at Sherry-Lehmann, the legendary Manhattan wine and spirits shop. The sale was rung up by a rookie salesperson. Then the customer flashed a badge. He was an enforcement agent for the New York State Liquor Authority (SLA). Acting general
Bordeaux grapegrowers are planning to tear out almost 23,500 acres of vines—and they’re thrilled. After nine months of negotiations with local, regional and national government representatives, on March 1 the Bordeaux Wine Council (CIVB) reached an agreement with Marc Fesneau, France’s minister of agriculture and food sovereignty, for financing the vine pull. These uprooting efforts
What more could a four-day festival packed with incredible dinners and tastings spotlighting some of the world’s most renowned chefs offer? How about a partnership with the world’s leading wine magazine? The Palm Beach Food & Wine Festival (PBFWF) has announced a joint venture with Wine Spectator, part of a plan to expand the growing
Burgundy’s second most famous charity auction is grabbing a lot more attention these days. On March 12, the 62nd edition of the Hospices de Nuits-St.-Georges auction will take place both online and at its usual location, Château du Clos de Vougeot in Burgundy. This is the fourth year in a row that the Hospices has
On Feb. 17, the Quality Branded restaurant group opened Bad Roman at the Deutsch Bank Center (formerly the Time Warner Center) in Manhattan’s Columbus Circle. With picturesque views over Central Park, the restaurant occupies the space formerly used by chef Marc Murphy’s Landmarc, which closed in 2019. It joins a celebrated portfolio, including sibling restaurants
Scientists collaborating across the globe have unlocked a new, astounding origin story for wine grapes, pushing back the domestication of Vitis vinifera, the grape species used for most winemaking, to more than 11,000 years ago. The findings suggest humans domesticated grapevines around the same time period they domesticated the first cereal plants. “The grapevine was
Two weeks after Cyclone Gabrielle devastated the North Island of New Zealand, residents are still assessing the destruction. The storm is already considered the costliest tropical cyclone on record in the Southern Hemisphere, with damages estimated to be upward of $8 billion. The cyclone, which killed at least 11 people, hit the farming and winegrowing