Fine wines could see another healthy year. For one, 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. Two, according to the CAIA Association, “Our outlook from a year ago noted fine wine’s greater growth potential in 2021, and the market did not disappoint. The Liv-ex 1000 index, the widest measure of the market, gained 19.08% in 2021. Fine wine posted positive returns in each month, displaying more stability than equity and government bond markets which wobbled at times amid inflation, monetary policy uncertainty, and the ongoing pandemic. We think fine wine holds plenty more performance potential as we head into 2022. Historically, fine wine’s growth periods have lasted much longer than the current rally.” 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 and accessories, today unveiled its expanded and newly revised master plan map for Algodon Wine Estates, a 4,138 acre wine, wellness, culinary and sport resort and luxury residential development, in San Rafael, Mendoza, Argentina, which can be viewed here: https://bit.ly/3GClAVc
As previously announced, this stage of the masterplan was designed by the architectural planning and design firm EDSA, whose work spans more than 5,000 projects in over 100 countries. EDSA’s vision for Algodon Wine Estates includes further building upon the estate’s award-winning vineyard development by emphasizing the existing winery and 1946 vines, the local Mendocino culture, as well as the estate’s existing terrain, amenities, and features.
The masterplan includes development of an additional 200 lots, ranging in size from 2.47 acres to 12 acres. The company anticipates sales of these additional lots could ultimately generate more than $100 million in revenues. The centerpiece of the masterplan is an ultra-luxury 80-room hotel, that will also include 40-60 residences, for which Algodon Wine Estates seeks to co-develop with a world class luxury hospitality brand. The revenue potential from the hotel rooms and branded residences could generate an additional $25 million per year.
The expanded masterplan includes a 27-hole championship-style golf course, championship-style tennis facilities, centralized village center and sports club, and an equestrian facility that will include a horse riding and training center. Additional highlights from the plan include an organic farming area, as well as organic fruit orchards, a boutique distillery, organic/seasonal restaurants, lavender and rose gardens, as well as various hiking, mountain biking, and walking trails that connect the social and residential areas throughout the estate.
Commenting on Algodon’s masterplan map unveiling, Scott Mathis, Chief Executive Officer of Gaucho Group Holdings, Inc. stated, “We are very excited to see this next step in the development of our project. The potential revenue generation from the sales of these lots will be a key element in the execution of our business plan, and it’s important to know that even after the company sells all the lots accounted for in the masterplan, the company will still retain more than 2,000 acres of prime real estate.”
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.
Contact Information:
2818047972
[email protected]
