This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Castle Brands Joins Forces With Grand Cru Selections

Castle Brands Inc. (NYSE Amex: ROX) announced today that it has partnered with Grand Cru Selections (“Grand Cru”), a New York City fine wine distributor, to expand its premium wine business. The venture brings together several high-profile figures in the wine industry and offers significant opportunities for both Castle Brands and Grand Cru.

Under the terms of the agreement, Castle Brands will act as U.S. importer and national distributor and Grand Cru will act as the wholesaler for New York and New Jersey for a select range of fine wines. Castle Brands will assign Betts and Scholl wines -- Grenache, Syrah and Riesling from Australia, Syrah from California, and Hermitage Blanc and Rouge from France -- to Grand Cru for New York and New Jersey, and Castle Brands will represent the Cerbaie Brunello di Montalcino brand, throughout the United States, except New York and New Jersey.

Roy Welland, a prominent wine collector and owner of the Cerbaie winery in Tuscany and Robert Bohr, former wine director for widely acclaimed Cru restaurant, are both principals in GC Wine Consulting, a wine consulting firm that advises Grand Cru and other private clients. Messrs. Welland and Bohr will now be working with Master Sommelier Richard Betts, Vice President of Castle Brands and head of its fine wine division, to implement the Company’s fine wine distribution strategy.

“We are very pleased to formalize our relationship with Grand Cru as it creates synergies that will allow us to maximize our competitive advantage in the marketplace,” commented Mr. Betts. “Primarily, the preeminence of the Grand Cru team in the New York market will offer the most well-placed distribution for all of our brands. Additionally, the strength of our relationships with fine wine producers and our cooperation in recruiting them creates a formidable team and an exciting option for high quality wine distribution nationwide."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ROX $1.50 0.00%
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%
TSLA $205.27 0.00%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs