Parker sells Wine Advocate stake for $15m

US wine critic Robert Parker sold the major stake in The Wine Advocate to Singapore-based investors for US$15 million, according to a newspaper report.

Robert Parker

AFP reports that Singapore’s Straits Times spoke to potential investors invited to take part in a deal brokered by bankers in the city-state.

Parker has yet to release financial details of the deal.

As reported on db.com, on Monday Parker went public with the news that he was stepping down as editor-in-chief of the title, having sold a “substantial interest” in the company to new investors.

“We will not comment further than that which has already posted,” a spokeswoman for The Wine Advocate told AFP.

Earlier this week, the Wall Street Journal report that Parker would be phasing out the print edition of the bi-monthly newsletter, though Parker took to Twitter to confirm that this was not the case.

“There are no plans to eliminate the print edition,” he said.

Rather, subscribers will be offered a printable pdf version, with a Kindle edition also in the pipeline. Largely based in the US, subscribers currently pay US$75 a year for six issues.

The company’s headquarters will remain in Maryland, though a new office in Singapore is due to open soon where newly appointed editor-in-chief, Lisa Perrotti-Brown MW, will be based.

“We can more easily serve Asian countries from Singapore,” said Parker.

3 Responses to “Parker sells Wine Advocate stake for $15m”

  1. Vincent Pousson says:

    $15M, in fact $10M + $5M
    The story was here, first, yesterday: http://ideesliquidesetsolides.blogspot.com.es/2012/12/qui-achete-parker.html

  2. Vincent Pousson says:

    “according to a newspaper report”
    Please, in which newspaper report did you found that?
    Thanks.
    VPo.

  3. Ted Powers says:

    Parker sold the major part of Wine Advocate, also what rume are saying in Bordeaux he might come an other few years and that is it.
    Best regards,
    Joel

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Head of Sales and Marketing

The Lyme Bay Cider Co Ltd
UK

Brand Manager

Hatch Mansfield
Ascot, Berkshire

Southern Regional Account Manager

Speciality Drinks
England, UK

Northern Regional Account Manager

Speciality Drinks
England, UK

Fine Wine Buyer

FINE+RARE Ltd
London, UK

Awards Sales Executive – France

Decanter
London, UK

Sales Executive / Brand Ambassador

Elixir Distillers
London, UK

Brand Development Executive

Elixir Distillers
London, UK

Sales Administrator

Company details: Advised on application
London W1

London Account Manager

Speciality Drinks
London, UK

Pink Rosé Festival

Cannes,France
7th Feb 2019

Wine Paris

Paris,France
11th Feb 2019

IBWSS UK

London,United Kingdom
11th Mar 2019
Click to view more

The Global Fortified Masters 2018

Deadline : 25th January 2019

The Global Pinot Noir Masters 2019

Deadline : 1st February 2019

Click to view more

Rioja Masters 2018

View Results

The Global Beer Competition

View Results

Click to view more