Crimson Wine Group, Ltd

Crimson Wine Group, Ltd. produces and sells luxury wines, defined as wines retailing for over $16 per 750ml bottle. Incorporated in Delaware in 1991, the company has been conducting business since 1991. Crimson was a wholly-owned subsidiary of Jefferies Financial Group Inc. until February 25, 2013, when Jefferies distributed all outstanding shares of Crimson's common stock to its shareholders. Jefferies' common shareholders received one share of Crimson common stock for every ten common shares of Jefferies, with cash in lieu of fractional shares. Headquartered in Napa, California, Crimson owns seven primary wine estates and brands through its wholly-owned subsidiaries: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines. The company produces wine from estate-grown grapes, as well as from grapes and bulk wine purchased under contract and on the spot market. Crimson's business model combines direct-to-consumer sales and wholesale distributor sales. References to cases of wine refer to nine-liter equivalent cases.