Wine Buzz: Wine loses its way among consumers younger than 60
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Limoneria cuts down debt with sale of Tulare property for $100M
The future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Dole plc sells off fresh vegetables division for $293M
In a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Jordano’s Foodservice expands Goleta footprint
Goleta-based Jordano’s Foodservice, a family-owned broad line foodservice distributor, announced Jan. 11 that the company has increased its cooler distribution center. With the additional 27,000 square feet of cooler space, Jordano’s will be adding — bringing its total to nearly 140,000 square feet — the company will be expanding its presence in the region for Read More →
Torrential rainfall brings drought relief to Central Coast
Update: As of Jan. 12, no county in California is designated as an extreme drought area while locations that were in severe drought are down from 71% to 46%. Another storm has come and gone along the Central Coast — though another could be approaching soon — and luckily it seems the area has largely Read More →
Calavo shares down, but company’s optimism remains high for 2023
Shares of Santa Paula-based Calavo Growers faced another steep drop during the trading day Dec. 21, one day after the company’s fourth quarter and full-year earnings announcement. The company limped through the finish line in the fourth quarter, with both revenue and net income falling well below analysts’ expectations. It’s why Calavo’s stock fell as Read More →
Farming First expands Central Coast’s booming cannabis presence
The Central Coast has the potential to be the premier place to grow cannabis, especially if the federal market ever comes into play — that is what Will Terry believes. A fifth-generation farmer, Terry founded a new operation, Farming First Holdings in 2019 and invested his time, money, and effort into building a robust setup. Read More →
