Thursday, 2 April 2015

2.4.15 Probable New Owner of Garvey: Promontoria

The future of Garvey is still uncertain, but what seems apparent is that the investment company Promontoria BBE is interested in the brands and assets of the bodega. The latter has been a problem, however as ownership is scattered, and potential buyers would have to negotiate with all the individual owners to buy machinery, equipment, stocks (owned by the receivers) and the brands. Promontoria already have a mortgage on the buildings and land.

Negotiations are at an advanced stage, and the plan is to reassemble all the parts of Garvey under one owner and re-float it for its later sale as a going concern. If all goes well, this could be in about a month’s time.

The receivers also wish to sell off Zoilo Ruiz Mateos, another ex Rumasa bodega which is in receivership and which has the winemaking and bottling contract for the Sandeman brand. ZRM owns the Sandeman bodegas and vineyards.

The Complejo Bellavista, Jerez (foto:diariodejerez)

The whole affair is very complex and there are many questions in the air which are causing worry in the Sherry trade. People wonder what the Ruiz Mateos family might have gained from the sale of the brand names; why did Promontoria not negotiate directly with the brand owners and instead resort to an intermediary?

The Court embargo on the brand names prevented their use by anyone other than Bellavista (Garvey), thus tying the hands of the Ruiz Mateos so that sooner or later the brands would have become part of the receivership and the amount paid for them would go to the creditors. The Garvey executive who managed to secure the brands will be able to use them as a lever to keep his job with the new company.


Promontoria – which has some link to Banco Santander – could not really have negotiated directly with the Belize company about the brands because of the latter’s poor relations with the Santander who cut off funding, bringing about the receivership.

Tuesday, 31 March 2015

Top Chef Opens “Laboratory” in El Puerto

Ángel León, the double Michelin starred chef and owner of the legendary restaurant A Poniente in El Puerto de Santa Maria, has taken a 30 year lease on the a beautiful old tide mill (“El Caño”) in which he will set up a laboratory of gastronomical research. It will be a centre for experimentation, training and learning and also offer cultural events open to the public.

Molino El Cano (foto:lavozdigital)
The solid two storey flour mill is built over a channel which merges with the river Guadalete at its estuary. It is of XVIII/XIX century construction with the milling equipment on the ground floor and living and administration on the upper floor. The mayor of El Puerto, Alfonso Candón is delighted that this treasure will be well maintained, help environmental conservation and attract tourists.

Garvey “Regains” the Garvey Brands

The pieces of the puzzle of the receivership of the Nueva Rumasa bodegas are slowly coming together. In the case of the Complejo Bodeguero Bellavista – better known as Bodegas Garvey (and once the main activity of the Ruiz Mateos family in Jerez) - the recovery of the Garvey brands, whose registration runs out this year will smooth the way for the receivership which has been under way for 4 years.



Apparently a specially created company, a director of which is also a director of Garvey, has secured the principal brands, among them Garvey, Garvey BV, Bodegas Garvey, Grupo Garvey, the Fino San Patricio range of Sherries and brandy Espléndido. The Ruiz Mateos family kept the registered title to the main Garvey brands via a company in the name of third parties based in the tax haven of Belize, but the court embargoed them to the tune of €9m. The new company’s operation has the approval of the receivers and guarantees the use of the brand names for Bellavista and their inclusion in the receivership, which will make a sale of the production bodega easier and quicker, as this had long been a stumbling block. Maintaining the bodega and its workforce as a going concern is a priority for the receivers and naturally the bodega would be hard to sell without its famous brand names - especially with liabilities of about €90m.

31.3.15 Tradición Wins Gran Bacchus de Oro; Anniversary Manzanilla Tasting in Sevilla

The Unión Española de Catadores (Spanish Tasters’ Union) has announced the Premios Bacchus for 2015, and needless to say, a Sherry has won a Gran Bacchus de Oro, the top award for wines scoring over 93 points. 80 tasters including Masters of Wine, winemakers and Master Sommeliers tasted blind 1652 wines from 18 countries at the Casino de Madrid in March in this XIII edition of the competition, so it is quite thorough!

Luxurious tasting room: the Madrid Casino (foto UEC)

In continuation of the 50th anniversary celebrations of Manzanilla de Sanlúcar joining the Sherry DO, there will be a bigger than ever tasting at the Hotel Alfonso XIII in Sevilla. It will take place on the 13th April in the run up to the Feria de Abril, at which massive amounts of Manzanilla are consumed. Experts, winemakers and professionals will be able to share the new spring sacas. 

Typical Feria fare (foto sevilla.ABC.es)

Monday, 30 March 2015

30.3.15 Sherry Boosts Promotion in Spain but Suffers Cuts in Public Funding

The generic promotion of Sherry will focus special attention on the domestic market this year, being the biggest market now, and practically the only one which did not register falling sales last year. The Consejo Regulador has already fine-tuned its promotional plan, basic criteria and priorities but is keeping in reserve €90,000 of its €1.5m budget for this fiscal year.

A further sum of around €300,000 of public money is being added, for the moment, but this is negligible when compared to that received in past campaigns in which grants would double the Consejo’s local funding. While staff at the Consejo are making every effort to obtain more grant money, they are up against public spending cuts, however there may be a ray of light from ICEX, the Government commercial export body. ICEX has money for promotion in Holland and Germany, two of the main European markets in which it wishes to make a push, and there will be a contest for agents to take charge of Sherry distribution in those countries.

The Consejo's generic labels (foto:verema)
Lacking the extra funding, the Consejo presented the basic thrust of the promotional plan to a plenary meeting on Thursday: €350,000 will be destined for the home market. Among the traditional export markets the UK, until recently the principal market, will still get a good chunk of the budget, as will the USA, a market which has shown strong growth in recent years especially for brands for which consumers will pay more. Holland and Germany buy more, cheaper Buyer’s Own Brands (BOB). Third countries, including Japan and Canada already have fixed budgetary amounts assisted by EU money.


It should be remembered that this year’s promotional budget has already increased thanks to higher contributions from the bodegas and the growers. The bodegas doubled their contribution to 2.5 céntimos per litre of wine sold, useful, but far from the 5 céntimos initially hoped for by Fedejerez. At the January plenary meeting at which this increase was approved, the Consejo was asked to present a promotional plan to cover the next 3 years, which if approved might lead to the 5 céntimos Fedejerez had hoped for.

30.3.15 A Brewery in Jerez; Unusual new Wine Bar in Barbate

“Catarte”, the Company owned by master brewer and winemaker Jaime Pindado, has opened right in the centre of Jerez, in the Calle San Marcos. This is the city’s first craft brewery. The beers will be branded “La Jerezana” and individual brews will be named after Flamenco styles such as Bulería, Alegría or Fandango according to the raw materials used. The brewery has space dedicated to education, talks and tastings for the general public and also for the sale of equipment for home brewing.

          
 “El Relojero de Jerez” is the brainchild of Jerez couple Juan Manuel and Nuria. He spent 18 years working with clocks and felt like a change, so they decided to open a wine bar in Caños de Meca, a popular tourist resort on the coast at Barbate, not far from Jerez. Despite the doubts of many, they converted a garage into a wine bar where you can buy a glass or fill a bottle, and in no time the locals and tourists found this to be a great regular meeting place.

Nuria & Juan Manuel: well-priced Amontillado! (foto:lavozdigital)


The barrels contain Fino, Mosto, Manzanilla, Amontillado, Vermouth, Cream and Pedro Ximénez. As many people try the wine before buying, they felt they should offer some food to avoid wine on an empty stomach and provide butifarras and morcilla (sausages and black pudding) as well as ham, tuna, cheese and mojama (cured tuna). Customers can buy wine to take away and or drink there in among the oak barrels and old clocks. The address is: Despacho de Vino El Relojero de Jerez, Avenida Trafalgar, 94, Caños de Meca, Barbate.

Tuesday, 24 March 2015

24.3.15 Manuel María González Gordon’s Memoirs to be Published

The González Byass Foundation is to publish the memoirs of Manuel María González Gordon tomorrow under the title “Lo que diga Mimi…” (Whatever Mimi says…).  There will be a presentation by Beltrán Domecq and various family members as well as Antonio Flores at the firm’s bodega, Los Gigantes at 8.00pm.  A collection of hundreds of thousands of letters in brown ink becomes a treasure when it relates the story of a life, and it is hoped that this work will be the first of many on members of the firm or related matters.

The great man: Manuel Maria (foto: Gente y Habitantes de Jerez)

Manuel María González Gordon, Marqués de Bonanza, KBE (1886-1980) was the grandson of the founder, Manuel María González Ángel, and like him he wanted to dedicate his life to Sherry. He studied engineering in Germany as he understood that the future was mechanisation. He worked on the railway which runs the length of Chile and worked in London before returning to his beloved bodega. He played an important role in the “British Sherry” case, was active in the creation of the Consejo Regulador and many other things, such as the Jerez water supply and saving the Coto Doñana. Not only that but he wrote the classic book “Sherry” (known as the “Sherry Bible”).

He was a man who had time for everyone and everything. He had a long conversation with William Fifield (author of “Sherry Royalty”) and would visit employees who were ill. He had a wealth of anecdotes which he referred to as his “discos” (records) as he never tired of relating them. He knew all the latest dances, and the Queen, Victoria Eugenia loved to dance with him. His world had no frontiers.

Antonio Flores with members of the family (foto:Diario Jerez)

The book is illustrated with many pictures from the Foundation Archive, but since many of Manuel María’s adventures were not photographed, drawings were commissioned from the Madrid authoress, Ximena Maier. The bodega’s Capataz, Antonio Flores, said that the presentation will look at the professional and human sides to his life. “I knew him when I was a child, and I was 25 when he passed away. My father, Miguel Flores, worked at the bodega from the age of 14 and had a house there, so I was born in the bodega and have always worked here. I have always been made to feel like a member of the family. Manuel María was never distant, a delightful man who could talk with anyone. He always considered others and would try never to upset people, he was very diplomatic”. In fact he was nicknamed “Vaselina” for that reason.

The invitation (foto: tubal.blogspot)

A very well brought-up and educated man, he loved women and knew many. He would talk about the 32 who said “no” and the one who said “yes”. She was “Mimi”, Emilia Díez Gutiérrez, his beloved wife. The title of the book is taken from a sentence in his “discos”: “Whatever Mimi says..”. Manuel’s eyesight was not good so he compensated by working hard to develop his senses of smell, hearing and taste, not to mention studying. He wanted to get the most out of life, and spoke various languages, though sometimes, at meetings, he would employ the tactic of using an interpreter to give him more time to think of an answer. He did this, for example at the “British Sherry” hearing.

The presentation tomorrow is a fantastic excuse to talk about a man who was brilliant in every sense, and although there are few younger people who can remember him, he is still fondly remembered by the oldergeneration. He was an adventurer who revelled in life, with a frenetic youth and a pace which lasted throughout his life. He wouldn’t have thought twice about jumping onto Concorde, flying to New York, having a glass of Tio Pepe and flying back again, but it was just as well that Mimi kept him under some sort of control. He was from a family unified by Sherry, the wine which unifies Jerez, a city which is also plays a part in the memoirs in this book.