Investors may want to consider the fine wine market. “Primarily driven by rising demand for high-quality streaming from consumers, the total Global Wine Market is estimated to reach USD 599.5 Billion by the year 2028. The Global Market revenue stood at a value USD 417.9 Billion in the year 2021,” as noted by Vantage Market Research. In addition, a recent report from Fortune Business says the global wine market was worth $339.53 billion in 2020. From there, it’s expected to grow to $456.76 billion by 2029. All could be a substantial catalyst for companies such as Gaucho Group Holdings Inc. (NASDAQ: WINE), LVMH Must Meet Hennessy Louis Vuitton (OTC: LVMUY), Vintage Wine Estates (NASDAQ: VWE), Constellation Brands (NYSE: STZ), and Brown-Forman Corp. (NYSE: BFB).
Look at Gaucho Group Holdings Inc. (NASDAQ: VINO), For Example
Gaucho Group Holdings, Inc. (NASDAQ: VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced the addition of Miami’s Blue Ribbon Sushi Bar & Grill, as well as Bunbury Restaurant, to the wine distribution network of Algodon Fine Wines.
Blue Ribbon Sushi Bar & Grill is a creation of the renowned Bromberg Brothers, Chefs Bruce and Eric Bromberg, and is nestled in the historic Plymouth Hotel at 336 21st St, Miami Beach. Bunbury Restaurant, located at 55 NE 14th Street, Miami, remains the highest rated Argentine restaurant in Miami, boasting 4.5 stars out of 418 reviews on Yelp. Both restaurants are part of the distribution platform of Southern Glazer’s Wines and Spirits’ Signature Luxury Wine & Spirits, a division designed to introduce hand-picked and curated fine wines to their customer base.
“We’re thrilled to announce this addition of Blue Ribbon Sushi Bar & Grill, as well as Bunbury Restaurant, to our ambassador initiative for Algodon’s further wine distribution in southern Florida” said Scott Mathis, Algodon Fine Wine’s CEO & Chairman. “The Global Wine Market is expected to be worth up to USD 599 Billion by 2028 by some estimates. And so, we are excited to see our network grow as our partners at Southern Glaziers continue to open the Florida wine market to Algodon. Looking ahead to q4 2022, we hope to launch a new “Gaucho” branded line, that may include a Malbec microvinified blend, and potentially a Gaucho chardonnay, both in limited production.”
Blue Ribbon Sushi Bar & Grill and BunBury Wine Bar are the latest additions to the distinct network of Algodon Fine Wines retailers and distributors, including Southern Glaziers Wine & Spirits FL, Seaview Distribution NY, 3J Imports NJ, Vinporter E-Commerce, Sherry-Lehmann NY, Spec’s TX, Le Boutellier CA, The Noble Grape IL, as well as Vivino E-Commerce.
Other related developments from around the markets include:
LVMH Must Meet Hennessy Louis Vuitton announced the renaissance of Château Galoupet, the first Cru Classé de Provence in its prestigious portfolio. Château Galoupet’s vision is to create exemplary wine expressions of the unique Provence terroir in the most respectful way to the environment, from ground to glass. Château Galoupet is committed to preserving its unique ecosystem whilst nurturing the biodiversity of the estate’s 77 hectares of protected woodland and 69 hectares of vineyards, that are in organic conversion since 2020. With more protected woodland than vineyard, the estate is a vital local sanctuary for biodiversity. Château Galoupet has worked with the Conservatoire des Espaces Naturels Provence-Alpes-Côte d’Azur, which has identified rare indigenous plant species and over 90 different species of fauna. An action plan has been introduced to accelerate regeneration of these species and help biodiversity thrive in the years ahead. What’s more, in a partnership with OFA (Observatoire Français d’Apidologie, the French bee research center), 200 beehives were installed at the estate, along with a queen bee fertilization station, one of just 12 in the world.
Vintage Wine Estates, one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, reported its financial results for its third quarter fiscal year 2022 ended March 31, 2022. Results include Vinesse, LLC acquired on October 4, 2021, ACE Cider, acquired on November 16, 2021, and Meier’s Wine Cellars, Inc. acquired on January 18, 2022. Pat Roney, Founder and Chief Executive Officer, commented, “We overdelivered on the quarter with revenue up 68%, or $32.0 million. Organic growth was 44% and was the result of strong execution while acquisitions contributed $11.4 million in revenue. Our DTC channel is a hallmark of Vintage Wine Estates and continues to validate the success of our omnichannel strategy by reaching the consumer through multiple touch points. Our tasting room traffic is outperforming as more people are exploring new entertainment options and we deliver a great experience. Importantly, this activity has not cannibalized our ecommerce traffic, which has held relatively stable. The acquisition of Meier’s at the beginning of the quarter drove our B2B results, as well as our ability to deliver for our customers’ private label programs. We are ecstatic about the continued success of our Bar Dog brand, but equally excited regarding the strong market appeal for our Firesteed, Photograph and Clos Pegase brands, as well. We believe that, similar to our omnichannel marketing strategy, a multibrand portfolio will help drive our growth.”
Constellation Brands introduced Next Round Cocktails™its first-ever ready-to-drink (RTD) and multi-serve boxed wine cocktails made with a blend of real fruit juice* and crisp wine that is artfully packaged for crowd-pleasing style and taste. Party hosts of social gatherings can instantly set the scene with Next Round Cocktails offering the popular flavors of Salted Lime Margarita and Strawberry Lime Sangria, and guests can simply pour from the box over ice in a glass and enjoy. The rolling launch of Next Round Cocktails is underway at major retailers nationwide along with online delivery such as Instacart and Drizly, where party hosts turn to for spur-of-the-moment, party-ready solutions.
Brown-Forman Corp. and The Coca-Cola Company announced a global relationship to debut the iconic Jack & Coke cocktail as a branded, ready-to-drink (RTD) pre-mixed cocktail option. Jack Daniel’s & Coca-Cola RTDinspired by the classic bar cocktail, will be made with Jack Daniel’s Tennessee Whiskey and Coca-Cola. The beverage will be available in markets around the world, with initial launch planned for Mexico in late 2022. “This relationship brings together two classic American icons to deliver consumers a taste experience they love in a way that is consistent, convenient, and portable,” said Lawson Whiting, CEO and President of Brown-Forman Corporation. “Brown-Forman has been a leader in the ready-to-drink category since we launched our first Jack Daniel’s RTD more than 30 years ago. Coca-Cola perfectly complements Jack Daniel’s and our existing RTD offerings, enabling us to accelerate expansion and continue to grow our business around the world.”
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