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Scheid Vineyards Inc

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BUSINESS
June 7, 2000
Scheid Vineyards Inc., based in Marina del Rey, called off the sale of about a quarter of its vineyard property to Coastal Winegrowers for $21.3 million because of a disagreement on closing conditions. The sale of 1,350 acres in Monterey County was intended to reduce debt and return Scheid to a positive cash flow. * Herbalife International Inc. appointed Christopher Pair president and chief executive.
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BUSINESS
June 7, 2000
Scheid Vineyards Inc., based in Marina del Rey, called off the sale of about a quarter of its vineyard property to Coastal Winegrowers for $21.3 million because of a disagreement on closing conditions. The sale of 1,350 acres in Monterey County was intended to reduce debt and return Scheid to a positive cash flow. * Herbalife International Inc. appointed Christopher Pair president and chief executive.
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BUSINESS
May 29, 1997 | (Bloomberg News)
Scheid Vineyards Inc., a contract grape grower for California wineries, plans to raise $16.6 million after expenses in an initial public offering of all of its Class A common shares. The Marina del Rey-based firm plans to sell 2 million shares for $9.50 each, its statement filed with the Securities and Exchange Commission stated. The Scheid family will retain control of the firm through its ownership of 4.
BUSINESS
May 29, 1997 | (Bloomberg News)
Scheid Vineyards Inc., a contract grape grower for California wineries, plans to raise $16.6 million after expenses in an initial public offering of all of its Class A common shares. The Marina del Rey-based firm plans to sell 2 million shares for $9.50 each, its statement filed with the Securities and Exchange Commission stated. The Scheid family will retain control of the firm through its ownership of 4.
BUSINESS
May 18, 2000 | Melinda Fulmer
Scheid Vineyards Inc. of Marina del Rey said it has reached an agreement to sell 1,350 acres of prime vineyard property to Coastal Winegrowers, a closely held vineyard operator, for $21.3 million. The four vineyards, which make up about a quarter of Scheid's vineyard property, are planted primarily with Chardonnay grapes, and are in Greenfield, in Monterey County.
BUSINESS
November 15, 2003 | Jerry Hirsch, Times Staff Writer
Widespread discounting sent profit at Chalone Wine Group tumbling 43% in the latest quarter. The Napa, Calif., owner of the Acacia, Echelon, Chalone and other wine brands said Friday it had earned $379,000, or 3 cents a share, in the third quarter, compared with $664,000, or 6 cents, in the same period a year earlier. Sales also fell, dropping 13% to $16.4 million from $18.8 million a year ago.
BUSINESS
September 1, 2002 | MELINDA FULMER, TIMES STAFF WRITER
A windsock flaps in the breeze just above Scheid Vineyards Inc.'s Chardonnay vines. Thirty feet away, a digital camera mounted on a pole turns suddenly and snaps its picture, transmitting it to the grape grower's Web site for its winery clients. There, wineries that have contracts for Scheid's grapes can check out the weather, look at satellite maps of their block of vines and examine sugar and pH readings and soil analyses to decide the exact time that their crop should be harvested.
BUSINESS
July 17, 1997 | MARTHA GROVES, TIMES STAFF WRITER
Ship some wine, do some time. That's what wags are saying about a law enacted last month in Florida making it illegal for California wineries and retailers to ship directly to residents of that state. Florida, the nation's third-largest wine market, thus joined Georgia and Kentucky in cracking down on untaxed shipments of alcoholic beverages, with threats of steep fines and multiyear jail terms for offenders.
BUSINESS
August 9, 2000 | From Bloomberg News
Foundation Health Systems Inc., one of California's biggest health insurers, said Tuesday second-quarter profit rose 23% as it raised premiums and held down drug and medical costs. Net income rose to $38.7 million, or 32 cents a share, from profit from operations of $31.4 million, or 26 cents, a year earlier. Revenue rose 4.8% to $2.23 billion from $2.16 billion.
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