Here is another example of a simple stylization of a logotype. The "A" in Water has a water droplet replacing one of the stems from the letter. A good modern logotype who's symbolism is easily identified.
The black and white look refined, but I sort of wish there was more colour.perhaps wine colours? The glass element in the W is, of course, fantastic. Part of me wishes the text was thicker, though perhaps that would take away from the glasses.
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There is consistent proximity throughout the logotype. The negative space forming the "N" makes sense with the name because looking at the logotype engages the audience when locating the "N". I also think the logotype font works well bold.