Investors may want to keep an eye on the wine industry. 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. “The demand and consumption of the drink has been held up in most of the markets worldwide. The biggest impact has been in the way the consumers bought it, as consumers gradually shifted towards purchasing the drink online,” added Fortune Business. That could be beneficial for top wine companies, such as Gaucho Group Holdings Inc. (NASDAQ: VINO), LVMH Moet 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 completion of its winery’s multi-year expansion and infrastructure improvement initiative, that has resulted in a larger and better equipped facility to produce premium quality, small batch wines.
Algodon Wine Estates, an award-winning winery located in San Rafael, Mendoza, Argentina, has over the past 36 months placed significant investment into the acquisition of additional stainless steel tanks, new French oak barrels, and the expansion of its winery and wine cave, including: improvements to its microvinification area and wine cellars that includes stone walls finishings that have been quarried from the local Sierra Pintada Mountains, and produce natural temperature control ideal for barrel aging and storage; the addition of new stainless-steel tanks specially created to produce quality small batch wines, a new tasting room lined with wine racks for bottle aging, and featuring a central keystone, iconic and grand in scale, that was hand selected and quarried from the local Sierra Pintada Mountains, and serves as a tasting table in the center of the tasting room; a new bottling center and improved technology and machinery, as well as a grand rooftop terrace above the winery offering sweeping vineyard views, intended for wine tastings, special occasions and other social events. Algodon's current winery capacity includes 485,000 liters (or approximately 546,000 bottle equivalent), which can be broken down to include tank storage of 280,000 liters, barrel storage of 135,000 storage, and 70,000 liters of bottle storage.
"We are excited to finally see these initiatives in their final phases,” said Scott Mathis, Gaucho Group Holdings’ CEO & Chairman. “We believe each of these individual projects drives further value for our land holdings at Algodon Wine Estates and serve as important building blocks toward our vision that includes our revised master plan. In addition to our internationally award-winning wines, we’ve created an ultra-luxury global community that serves as a wellness, culinary, wine and sports destination for all to enjoy.”
Other related developments from around the markets include:
LVMH Moet 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. will release its fourth quarter and fiscal year 2022 financial results on June 8, 2022, by 8:00 a.m. (EDT), followed by a conference call to discuss the results at 10:00 a.m. (EDT). A live audio broadcast of the conference call will be available via Brown-Forman’s website, www.brown-forman.com, through a link to "Investors/Events & Presentations." A digital audio recording of the conference call will be available on the website approximately two hours after the conclusion of the conference call. The replay will be available for at least 30 days following the conference call. Interested parties in the U.S. are also invited to join the conference call by dialing 833-962-1472 and asking for the Brown-Forman call. International callers should dial 442-268-1255. The company suggests that participants dial in approximately ten minutes in advance of the 10:00 a.m. (EDT) start.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Gaucho Group Holdings Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Gaucho Group Holdings Inc. Please click here for disclaimer.
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