Leading Internet Retailer Acquires
Local Fine Wine Retailer
SAN FRANCISCO, CA – 9/13/2007
Wine.com, the #1 online wine store, announced today
it is entering the Connecticut wine market with the acquisition of
Chatham Spirits & Fine Wines of East Hampton, CT. Terms were not
disclosed. Wine cannot be legally
shipped into CT by out-of-state retailers, so the move enables Wine.com
to ship wine to its online customers in CT from its new retail and
warehouse location in East
Hampton. The move makes Wine.com unique among its competitors who don't
have a local facility in the state, which is the 17th largest state for
according to Adams Wine Handbook, 2007.
The acquisition builds on Wine.com's national network of licensed
retail centers, now operating in 10 states. Each center sources wine
wholesalers and sells to in-state consumers. In some cases, a center is
also legally permitted to sell and ship wine to other states. In all,
Wine.com ships to 25
states plus the District of Columbia, which account for 75% of U.S. wine
consumption, according to Adams Wine Handbook, 2007. Other online
retailers and wine stores
typically operate in only one state, making legal shipping to the
majority of the country impossible.
"We've known the folks at Chatham for years, and they are great wine
merchants and retail operators, with the attention to detail our
customers demand," said
Rich Bergsund, CEO of Wine.com. "Lea Coppola, previously of Chatham,
will lead our Connecticut operation, running both the retail store and
warehouse. We look forward to serving consumers and corporate gifting
accounts in the state of Connecticut, and growing our business there
"Of the top 17 wine consumption states, 12 can only be served with an
in-state retail license and operation, sourcing from in-state
wholesalers," said Mike Osborn,
Wine.com Founder and VP of Merchandising. "Wine.com now operates in 10
out of 12, and no other online wine retailer operates in more than one.
If they ship to more than
one of the largest states, odds are they're doing it illegally, which
will eventually catch up with them."
Wine.com is the nation's #1 online wine retailer, according to Internet
Retailer magazine's annual ranking of websites by revenue, offering
thousands of wines, wine gifts, gift baskets, and monthly wine clubs.
Wine.com's mission is to be the ultimate resource for wine enthusiasts,
whether shopping for themselves or sending a gift, by offering a great
selection, low prices, convenient delivery and helpful information.
Wine.com is the world's most visited wine web site, according to
research conducted by comScore Media Metrix. For more information, visit
the company's website at
http://www.wine.com, its blog at
http://blog.wine.com, or Facebook at http://www.facebook.com/winecom
Twitter at http://twitter.com/wine_com.