Truett-Hurst takes 50% Stake in Colby Red

Dear Client:During its first quarter earnings results today, Truett-Hurst (T-H) mentioned that it has taken a 50% stake in Australian winemaker Daryl Groom's Colby Red wine brand. You may recall Daryl launched Colby Red in 2011 as a partnership with Treasury Wine Estates. It was carried initially by Walgreens for a suggested retail price of $13. That year it was one of IRI's top 30 momentum table wine brands in food and drug stores. More recently P.F. Chang's director of