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Rising California Wine Star Expressing Dramatic Cabernet Sauvignon Vineyards Owned By Telecom Pioneer

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Rising California Wine Star Expressing Dramatic Cabernet Sauvignon Vineyards Owned By Telecom Pioneer


It was as if a dream had materialized with the steepest slope he had ever seen with gorgeously maintained Cabernet Sauvignon vines nestled into carved terraces, no less. Not much impressed this self-made telecom pioneer as he had traveled all over the world and seen every kind of natural beauty one could imagine. At a time, he wasn’t even thinking of making wine; the pure power of this estate’s resplendence was like a siren song he could not deny, and within an hour, he bought the property.

Fahri Diner is a man who has always been bold in taking on a challenge or dreaming big, even without the connections and wealth to make it happen. He was raised in Cyprus, the island country located east of Greece, and grew up in a farming family who loved making olive oil. An academic scholarship brought him to the U.S. to study electrical engineering at Florida Tech, and he went on to become a founder of the fiber-optic company, Qtera, which would eventually sell for $3.25 billion. Even though Fahri has taken on other business ventures since Qtera, he sought out another passion that had deep roots in his family and he wanted to reconnect to small-scale farming, creating high-quality produce such as the olive oil his family made. But would he stay in Florida? Go back to Cyprus? Or find a ranch in the gorgeous state of California?

Alexander Valley

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Fahri did what he always did when having to make a big decision. He went to a lake and skipped a stone; if it skipped three times, he would go to California and look for a ranch to reconnect to his farming roots. It was three times, hence, his two-year journey seeking out a unique property throughout California, from as south as Santa Barbara to as north as Alexander Valley in Sonoma County, began. Most people told him Napa was the place to be but Fahri has always trusted his instincts and didn’t see any properties that felt right. One day, in 2001, someone told him about a property in the Alexander Valley area in Sonoma County. When he had that moment of coming over the crest of the road, taking in those terraced vineyards on an extremely steep slope, he knew that this was the place, especially since there were olive trees so that he could make olive oil.

At first, he sold the grapes from the vineyards to local wineries eager to get them. Still, it bothered him that these rare vineyards were not getting the acknowledgment they deserved. So, he hired a team of experts, such as winemaker Philippe Melka, a true living legend in the wine industry, to express the place’s unique terroir and aptly take on the name Skipstone as a wine producer. The journey of him reconnecting to his roots while combining it with his love for the U.S., his second home that has given him so much opportunity to succeed, has finally kicked off, full force, with the recent completion of the new Skipstone winery with the initial building of it colliding with taking on a fulltime head winemaker to lead the charge, rising winemaking star Laura Jones.

Alexander Valley may not be a household name for Cabernet Sauvignon wines. Still, it is considered by many in the California wine industry to be one of the most important wine regions for Cabernet Sauvignon, only second to Napa Valley. Many well-known wine producers source Cabernet Sauvignon grapes from Alexander Valley, giving little attention to the place, and there are some ultra-premium Cabernet producers with Alexander Valley on their labels. Still, the wine producer often sticks with customers, while Alexander Valley often goes unnoticed. But that was part of what drew Fahri to this place; it was an underdog such as himself, and it deserved someone who would show its full potential.

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Laura Jones

His new head winemaking star, Laura Jones, is also an underdog who built a pedigree based on intelligence, talent and hard work, as she is originally from Wyoming but was able to get herself on the track of going into medical research in California, but when she was looking into grad schools, an encounter with someone in the wine world placed her on another path. So, she graduated from the prestigious graduate program in Viticulture and Enology from U.C. Davis and then went on to not only work in stellar wineries in California, such as Aubert Wines and Cliff Lede, but also spent some time in New Zealand and in Burgundy, France, at Domaine Armand Rousseau to give her an international perspective as well.

Even though there are only 27 acres of vineyards out of the 200-acre estate, the first thing Laura wanted to do was to employ precision viticulture practices by assessing the nuanced differences of each plot. So she installed three weather stations, one on the steeper hillside, one near the flatter part of the vineyards and one halfway up the hillside. During the summertime, there can be a seven to eight-degree difference between some parcels.

One of the things that Laura loves about Skipstone, other than the uniquely outstanding vineyards, is that they have a full-time vineyard crew, which is atypical as many times, the majority of a vineyard crew are temporarily hired for the busiest times of the year. But since Skipstone has a 180-degree amphitheater with an intense 60% degree slope, there is always lots of work to be done year round as it requires a lot of manpower to maintain vines planted in these extreme locations. Skipstone’s vineyard manager, Juan Alcantara, has been there for 16 years and half the crew has been there for 15 years, another aspect of Skipstone that goes against the norm since there is typically lots of turnover in the wine business. This is an aspect that Laura is excited about, as it will allow her to refine vineyard management with the same team over the years. The team has been working organically as they have been CCOF certified since 2008. Still, she is excited to place more energy into more precise expressions of each parcel, as she digs into the rockier soils that give more concentration, the gravel which is ideal for Cabernet Sauvignon and Cabernet Franc and the clay dominant plots where Merlot and Malbec thrive.

Going Beyond Pedigree

Philippe Melka will remain a consulting winemaker but Fahri knew that to bring the wines to the next level, he needed someone whose whole focus was the Skipstone wines, hence, his search to hire a head full-time winemaker. He was undoubtedly impressed by Laura’s pedigree in terms of her education and her work experience. Still, the idea that she had no advantages in the business made it even more impressive. He is someone who knows that it takes more than pedigree to catch lightning in a bottle, as the person who can think beyond the norms and commit her life to a business is more valuable than her start in life. Not only does Laura have that special spark that he has always looked for when starting a new venture but the idea that Laura is married to the general manager of Skipstone, Brian Ball, ensures that she can devote her life to this winery.

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But it wasn’t easy, as with any married couple, each person wants to have their own achievements and that has been their journey since they met each other at U.C. Davis all those years ago. Laura has worked for well-established top producers and she could certainly have gone down a different path but one is never sure that a winery team will stay together; one can almost guarantee nowadays that people will come and go, and in a way, causing a step back in progress as the group synergy will take time to come together to make extraordinary things happen. Yet as she kept coming up to visit Brian at Skipstone, talking to Fahri about his commitment to excellence, seeing the most remarkable vineyards she had ever seen and tasting wines that had aromatics and textures that blew her away, and knowing that the vineyard team was there to stay, she understood that everything she had learned around the world all led up to the great things she could accomplish as a wine family at Skipstone.

The estate of Skipstone can now be experienced with stays offered at the Residence at Skipstone, where one can live like a vintner but in the most luxurious way. The residence at Skipstone was the home of Fahri, his wife Constance and their small children. No expense was spared, so the house looks like a European castle with the stone exterior made up of stones pulled out of the property, and every sink in the house is a single boulder from the estate that has been cut and polished. Those are just a few stunning facets of this incredible 8,344 square foot home with five en suite bedrooms and a gourmet kitchen. But Fahri and his wife moved back to her home in Switzerland as they wanted their kids to grow up surrounded by family, and so, now their home is available to book for up to ten people. They have an estate director who will attend to every need, whether securing reservations at top restaurants, organizing winery visits, access to the Mayacama Country Club’s golf course, or arranging a wine tasting at the residence. Wine tastings that include not only Skipstone wines but also anything from Fahri’s personal cellar are available for purchase, which includes old Bordeaux, Napa and Sonoma benchmark producers from the early 1990s to 2000s and a wide selection of Champagne, just to name a few perks.

Also, Skipstone is building a second floor of their winery which will act as a stunning hospitality center to welcome guests. Sustainability is at the foundation of all these projects and they expect that when they are finished with everything, including being powered by 100% renewable energy, they will be only the fourth Platinum-certified winery by the Leadership in Energy and Environmental Design (LEED).

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2019 Skipstone, Preface Proprietary Red Blend, Alexander Valley, Sonoma County, California: 100% Cabernet Sauvignon, a blend of various Cabernet Sauvignon parcels on the estate. Preface is a selection from Cabernet Sauvignon vines that make a wine that drinks well at an earlier stage and it is at an approachable price point, so it is a great introduction to the Skipstone portfolio. This wine also allows for a stricter selection for their flagship, Oliver’s Blend. Lovely balance with red cherries and black raspberries with hints of broken earth and a beautiful texture finishing with a pretty floral quality.

2019 Skipstone, Malbec, Alexander Valley, Sonoma County, California: 100% Malbec. Since they have a fair amount of Malbec that does really well in the clay-dominant parcels, they wanted to make a varietal bottling of Malbec to showcase that particular section. Laura loves the “inherent deliciousness” of their Malbec as they go out of their way to thin the crop, sometimes 50%, to get the highest quality. Yet, she balances out the fruit’s generosity by placing a portion of the wine in amphora, which brings out a savory quality. Decadent dark fruit with juicy blueberry and plum tart on the palate with a hint of allspice and dry herbs with a silky texture and long, flavorful finish.

2019 Skipstone, Ripple Effect, Alexander Valley, Sonoma County, California: 92% Cabernet Sauvignon with 8% Merlot, mainly from the Skipstone estate vineyards, with a tiny portion coming from another plot on the hillside outside of their estate. This wine is called Ripple Effect because they sourced a small amount from a hillside outside of their estate, it is the ripple effect of Skipstone emanating out of their vineyards. This wine illustrates the parcels on the estate that have more mountain fruit quality, which has slightly firmer tannins and high-toned fruit; hence, why they sourced outside fruit that would help highlight those qualities. Cocoa nibs and sandalwood incense on the nose with black cherry skins and broader tannins give more structure and shape with a vibrant and well-focused finish.

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2019 Skipstone, Faultline Vineyard, Alexander Valley, Sonoma County, California: Blend of Cabernet Franc and Merlot. This is their Right Bank inspired blend as it is Cabernet Franc and Merlot – the percentages change every year, and these parcels are located on a fault line. The Mayacamas fault line which runs through their property, is one of the most active faults in the area, which is good for them as it relieves pressure and lessens potential future disasters. The U.S. Geologic Survey has three permanent installations on the Skipstone property, so they are an official earthquake measuring station. Aromas transport one into a walk in the forest with notes of tree bark and morels with elegant red and black fruit on the palate with a fine-laced structure with a long, expressive finish, leaving wildflowers in one’s head.

2019 Skipstone Oliver’s Blend Cabernet Sauvignon, Alexander Valley, Sonoma County, California: 100% Cabernet Sauvignon, a blend of a couple of parcels on the estate. This wine is mainly made up of the oldest vines on the terraced hillside, with a small portion of a couple blocks on the non-terraced slope. 2019 was a small harvest, with only 2,000 cases made. The lush texture of this wine is absolutely stunning, and the combination of the outstanding mouthfeel and complex aromatics of crushed rocks, fresh tobacco, and pristine fruit makes this wine a jaw-dropping beauty.



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Gavin Newsom proposes $350B California budget — kicks the can on debt

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Gavin Newsom proposes 0B California budget — kicks the can on debt


California Gov. Gavin Newsom unveiled a record-high $350 billion state budget Friday that makes “historic” investments in areas like education — but kicks the can on paying down federal debt, foisting costs onto struggling employers.

Newsom’s budget incorporates a $43 billion windfall tied to the stock market that he touted in his State of the State speech Thursday, bringing his office’s estimated deficit down to $3 billion — the state’s fourth deficit in a row. The budget plows billions into maintaining education, health care, and other programs but ignores a $20 billion federal loan for Covid unemployment payments — a situation one legislator called “alarming.”

Ignoring the loan means small businesses are on the hook for the state’s debt, said state Sen. Roger Niello of Fair Oaks.

California Gov. Gavin Newsom unveiled a record-high $350 billion state budget Friday REUTERS

“We already have the highest unemployment in the nation and we’re putting this additional burden on our employers. It makes absolutely no sense,” Niello said.

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The budget includes $662.2 million in mandatory interest payments, but there is no money going towards the principal.

Since July, the total balance has ballooned to $21.3 billion, and private employers in California pick up the tab under federal rules. Employers pay an $42 extra per employee this year and growing, per KCRA

Every state expect California has paid off the Covid-era loans.

“That is an alarming thing because [Newsom is] basically saying that businesses and employment are not a priority to him and that’s troubling,” Niello added.

At 5.5%, California’s unemployment rate was the highest in the country as of November.

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Newsom’s $350 billion budget proposal is about $30 billion higher than this year’s budget, thanks largely to federal healthcare cuts that forced costs onto the state and mandatory set-asides in areas like education.

Newsom’s finance director Joe Stephenshaw highlighted record spending on education. California Governor Gavin Newsom

At a budget briefing Friday, Newsom’s finance director Joe Stephenshaw highlighted record spending on education— amounting to a record $27,418 per K-12 student, $5.3 billion for the University of California system, $15.4 billion to community colleges, and $1 billion to needy schools — along with $500 million towards local homelessness prevention, $195 million in new public safety spending, $3 billion for the state’s rainy day fund and $4 billion for school reserve funds.

The budget includes some cuts to climate-related spending and housing and homelessness, per Calmatters. And it does not include any direct funding for Prop. 36, the anti-crime measure supported by nearly 70% of voters in 2024 — a move Republicans blasted.

But even with Newsom’s unexpected windfall, analysts expect deficits to grow to as high as $35 billion in the coming years as expenditures outpace even optimistic revenue projections.

Newsom and the state Legislative Analyst create separate budget projections, and the governor’s has historically been far rosier on the revenue side. The legislative analyst projected a $18 billion deficit in the coming fiscal year, while the governor calculated $3 billion.

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Under Newsom, the state’s general fund spending has increased by 77% partly owing to new programs spun up when the state was flush with cash, according to Republican legislators.

Newsom’s $350 billion budget — the last before he leaves office next year — does little to confront ballooning expenses, dumping the problem on the future governor and Legislature, according to Senate Minority Leader Brian Jones.

“This is more of the same from a lame-duck governor content on leaving the rest of us to pick up the financial pieces when he leaves office,” Jones said in a statement.  

Democrats in the legislature were more measured in their responses.

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Newsom’s $350 billion budget proposal is about $30 billion higher than this year’s budget, thanks largely to federal healthcare cuts. California Governor Gavin Newsom

“During these times of uncertainty, we must craft a responsible budget that prioritizes the safety and fiscal stability of California families,” said State Senate Leader Monique Limón in a statement.

Newsom and legislators will refine the budget in the coming months towards a final proposal in May.

One major unknown is how California will handle a loss of about $1.4 billion in funding due toTrump administration changes to low-income health care and food programs.

Last year, Newsom was force to scale back a controversial plan to provide Medicaid coverage for illegal immigrants after costs spiked, forcing California was forced to borrow $3.4 billion, Politico reported.

Newsom’s budget didn’t fully explain what would happen to immigrant health care under federal cuts, and Stephenshaw struggled to answer detailed questions from reporters — saying Newsom’s office was still awaiting guidance from the feds.

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“As we work through the May revision, this is something we’ll be well aware of and we’ll make those decision at that time,” he said.



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How Trump’s tariffs ricochet through a Southern California business park 

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How Trump’s tariffs ricochet through a Southern California business park 


  • Tariffs impact businesses in Rye Canyon differently
  • Supreme Court may rule on Trump’s emergency tariffs soon
  • Some businesses adapt, others struggle with tariff costs

VALENCIA, California, Jan 9 (Reuters) – America’s trade wars forced Robert Luna to hike prices on the rustic wooden Mexican furniture he sells from a crowded warehouse here, while down the street, Eddie Cole scrambled to design new products to make up for lost sales on his Chinese-made motorcycle accessories.

Farther down the block, Luis Ruiz curbed plans to add two imported molding machines to his small plastics factory.

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“I voted for him,” said Ruiz, CEO of Valencia Plastics, referring to President Donald Trump. “But I didn’t vote for this.”

All three businesses are nestled in the epitome of a globalized American economy: A lushly landscaped California business park called Rye Canyon. Tariffs are a hot topic here – but experiences vary as much as the businesses that fill the 3.1 million square feet of offices, warehouses, and factories.

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Tenants include a company that provides specially equipped cars to film crews for movies and commercials, a dance school, and a company that sells Chinese-made LED lights. There’s even a Walmart Supercenter. Some have lost business while others have flourished under the tariff regime.

Rye Canyon is roughly an hour-and-a-half drive from the sprawling Ports of Los Angeles and Long Beach. And until now, it was a prime locale for globally connected businesses like these. But these days, sitting on the frontlines of global trade is precarious.

The average effective tariff rate on imports to the U.S. now stands at almost 17%–up from 2.5% before Trump took office and the highest level since 1935. Few countries have been spared from the onslaught, such as Cuba, but mainly because existing barriers make meaningful trade with them unlikely.

White House spokesman Kush Desai said President Trump was leveling the playing field for large and small businesses by addressing unfair trading practices through tariffs and reducing cumbersome regulations.

‘WE HAD TO GET CREATIVE’ TO OFFSET TRUMP’S TARIFFS

Rye Canyon’s tenants may receive some clarity soon. The U.S. Supreme Court could rule as early as Friday on the constitutionality of President Trump’s emergency tariffs. The U.S. has so far taken in nearly $150 billion under the International Emergency Economic Powers Act. If struck down, the administration may be forced to refund all or part of that to importers.

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For some, the impact of tariffs was painful – but mercifully short. Harlan Kirschner, who imports about 30% of the beauty products he distributes to salons and retailers from an office here, said prices spiked during the first months of the Trump administration’s push to levy the taxes.

“It’s now baked into the cake,” he said. “The price increases went through when the tariffs were being done.” No one talks about those price increases any more, he said.

For Ruiz, the plastics manufacturer, the impact of tariffs is more drawn out. Valencia makes large-mouth containers for protein powders sold at health food stores across the U.S. and Canada. Before Trump’s trade war, Ruiz planned to add two machines costing over half a million dollars to allow him to churn out more containers and new sizes.

But the machines are made in China and tariffs suddenly made them unaffordable. He’s spent the last few months negotiating with the Chinese machine maker—settling on a plan that offsets the added tariff cost by substituting smaller machines and a discount based on his willingness to let the Chinese producer use his factory as an occasional showcase for their products.

“We had to get creative,” he said. “We can’t wait for (Trump) to leave. I’m not going to let the guy decide how we’re going to grow.”

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‘I’M MAD AT HIM NOW’

To be sure, there are winners in these trade battles. Ruiz’s former next-door neighbor, Greg Waugh, said tariffs are helping his small padlock factory. He was already planning to move before the trade war erupted, as Rye Canyon wanted his space for the expansion of another larger tenant, a backlot repair shop for Universal Studios. But he’s now glad he moved into a much larger space about two miles away outside the park, because as his competitors announced price increases on imported locks, he’s started getting more inquiries from U.S. buyers looking to buy domestic.

“I think tariffs give us a cushion we need to finally grow and compete,” said Waugh, president and CEO of Pacific Lock.

For Cole, a former pro motorcycle racer turned entrepreneur, there have only been downsides to the new taxes.

He started his motorcycle accessories company in his garage in 1976 and built a factory in the area in the early 1980s. He later sold that business and – as many industries shifted to cheaper production from Asia – reestablished himself later as an importer of motorcycle gear with Chinese business partners, with an office and warehouse in Rye Canyon.

“Ninety-five percent of our products come from China,” he said. Cole estimates he’s paid “hundreds of thousands” in tariffs so far. He declined to disclose his sales.

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Cole said he voted for Trump three times in a row, “but I’m mad at him now.”

Cole even wrote to the White House, asking for more consideration of how tariffs disrupt small businesses. He included a photo of a motorcycle stand the company had made for Eric Trump’s family, which has an interest in motorcycles.

“I said, ‘Look Donald, I’m sure there’s a lot of reasons you think tariffs are good for America,” but as a small business owner he doesn’t have the ability to suddenly shift production around the world to contain costs like big corporations. He’s created new products, such as branded tents, to make up for some of the business he’s lost in his traditional lines as prices spiked.

He pulls out his phone to show the response he got back from the White House, via email. “It’s a form letter,” he said, noting that it talks about how the taxes make sense.

Meanwhile, Robert Luna isn’t waiting to see if tariffs will go away or be refunded. His company, DeMejico, started by his Mexican immigrant parents, makes traditional-style furniture including hefty dining tables that sell for up to $8,000. He’s paying 25% tariffs on wooden furniture and 50% on steel accents like hinges, made in his own plant in Mexico. He’s raised prices on some items by 20%.

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Fearing further price hikes from tariffs and other rising costs will continue to curb demand, he’s working with a Vietnamese producer on a new line of inexpensive furniture he can sell under a different brand name. Vietnam has tariffs, he said, but also a much lower cost base.

“My thing is mere survival,” he said, “that’s the goal.”

Reporting by Timothy Aeppel; additional reporting by David Lawder
Editing by Anna Driver and Dan Burns

Our Standards: The Thomson Reuters Trust Principles., opens new tab



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Up to 20 billionaires may leave California over tax threat | Fox Business Video

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Up to 20 billionaires may leave California over tax threat | Fox Business Video




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