TMG Blog

Torres and what family ownership changes at scale

Most wine companies that get big stop being families. The pattern is well worn: a founder builds a name over two or three generations, a drinks conglomerate buys it, the label stays and the decisions move to a boardroom somewhere else. The wine does not necessarily get worse. It just stops being anybody's in particular.

A handful of producers have taken the other route, growing to industrial scale while staying in the same hands. That is a stranger thing than it sounds, and it changes how the business behaves in ways you can actually see in the range.

What family ownership at scale changes

Two things, mainly, and both come down to time horizons.

The first is planting decisions. A vineyard planted this year produces nothing worth bottling for four or five years and does not repay its cost for fifteen. A publicly owned company reports quarterly, and fifteen-year commitments are hard to defend at that rhythm. A family measures in generations, and buying a hillside in an unfashionable region because it will be right in twenty years is a normal conversation rather than a difficult one.

The second is the willingness to lose money on purpose. Recovering an old local grape variety that nobody has planted commercially for a century is not a business case. It takes decades of trial plantings and produces small quantities of wine that may or may not sell. It happens in family firms because someone in the family wants it to.

The cost of family ownership is the flip side. Nobody forces a hard decision from outside. A weak wine can stay in the range for years because it carries a grandfather's name. When you look at a large family producer, the sensible question is not whether the whole range is good, because it will not be. It is which parts of it the family actually cares about.

The producer

Familia Torres has been in the same family since the nineteenth century and is now run by the fifth generation, based in Penedes, south-west of Barcelona. It is large enough that its cheapest wines sit in supermarkets on several continents, which is where most people's impression of it stops.

That impression misses most of the company. The family also farms in Priorat, Ribera del Duero, Rueda, Rioja and Rias Baixas, holds a separate estate in Chile and another in California, and has spent decades on a recovery programme for old Catalan grape varieties. The cheap bottles fund the interesting ones. That is the arrangement, and it is worth understanding before dismissing either end of it.

What we have

Three clear bands. Everything is in the Torres collection, sorted by price with the lowest first.

The first band is Penedes at volume. Vina Sol 2024, around one hundred and thirty-five, is a crisp, light white built for heat and for lunch. Gran Coronas 2020, near one hundred and ninety, is the Cabernet-based red that made the family's international reputation in the 1970s, and it is still a properly made wine at a price that does not ask much of you.

The second band is regional, and this is where the range gets interesting. Celeste Verdejo 2024 from Rueda, around one hundred and fifty, is more aromatic and grassy than the Penedes whites. Celeste Crianza 2022 from Ribera del Duero, near two hundred and twenty, is Tempranillo grown at altitude, firmer and darker than Rioja. Purgatori 2020 at roughly two hundred and sixty comes from old bush vines in a hot, stony inland zone and is the most rustic wine here, in the good sense. Salmos 2018, around three hundred and twenty, is the Priorat: slate soils, low yields, dense and mineral.

The third band is single vineyard. Mas La Plana 2019, near six hundred, is the one to know: a single Cabernet Sauvignon parcel in Penedes, made every year since the 1970s, and the wine that proved Spain could do this at all.

What we would pick, and why

Salmos 2018 is our first choice, and it sits in the middle of the range rather than the top. Priorat at three hundred dollars is unusual, and this is real Priorat: the slate character is there, the concentration is there, and it has enough age on it now to be drinkable rather than brooding. With roast meats or anything from the barbecue it is difficult to beat at the price.

Our second pick is much cheaper. Gran Coronas is the bottle to buy by the case for the kind of dinner where the wine should be good and not discussed. It is the most reliable thing in the range and it has been for fifty years.

If you want the serious bottle, Mas La Plana 2019 is it, with a condition attached. Give it five years, or decant it for two hours. It is a Cabernet built on structure and 2019 is young.

Where more money stops buying flavour

The honest answer with this producer is that the curve flattens earlier than the price list suggests. Between the supermarket band and the regional band, every extra hundred dollars buys something obvious: better sites, older vines, lower yields, real regional character. That stretch, roughly from one hundred and fifty to three hundred and fifty dollars, is where this company is at its best value.

Above that, the single-vineyard wines are genuinely fine and they need patience you may not want to give them. Opened young they are firm and closed, and a bottle of Salmos on the same table will give more pleasure that night for half the money. Buy them to keep, or do not buy them.

One more thing worth saying plainly. Because the cheap bottles are everywhere, a Torres wine does not carry much weight as a gift in Hong Kong, whatever the price on it. That is a genuine drawback if the label has to do work at a banquet or in an office. For your own table, it is the opposite: you are paying for the wine and not for the recognition, which is usually the better deal.

Previous
Chateau Talbot and what a large Saint-Julien estate can do
Next
William Fevre, Chablis and what Kimmeridgian rock does