USA: Wine.com: the latest victim of online consolidation
In a statement, chairman of the eVineyard board John Grillos said: "eVineyard intended from the beginning to be the undisputed leader in online wine retailing. And we have achieved that with this acquisition."
The acquisition comes just weeks after Wine.com announced it was streamlining its business and axing 160 jobs, 65% of its workforce.
Reuters reported eVineyard officials said that together Wine.com and Wineshopper.com, which it acquired last year, had spent more than $200m in the battle for the internet wine niche.
Wine.com founded in 1994 as Virtual Vineyards was one of the first companies to sell products online with backing from Kleiner Perkins Caufield & Byers and Amazon.com Inc. But today the Wine.com home-page re-directed visitors to eVineyard.com.
- Are we kidding ourselves over craft spirits?
- What's behind Brown-Forman's Irish whiskey plans?
- Is Brown-Forman doing a Jack Daniel's in Ireland?
- How good a sustainability fit are ABI and SAB?
- Interview - Heineken global activation director
- Diageo, Treasury Wine Estates quiet on wine sale
- Chandon to become "third pillar brand" for MH
- Brown-Forman silent on Southern Comfort report
- Stoli appoints international marketing director
- Moet Hennessy hails Formula One deal for Chandon
- The IWSR Duty Free/Travel Retail Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research