A New York-based company announced today that its emerging luxury leather goods label, Gaucho – Buenos Aires, will now offer its products on amazon’s marketplace. Gaucho Group Holdings, Inc. (OTCQB:VINO) includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate and leather goods & accessories, according to the release.
Gaucho Group develops and operates real estate projects in Argentina. It operates a hotel, golf and tennis resort, vineyard and producing winery in addition to developing residential lots located near the resort. The company operates in three segments which are the business of real estate development and manufacture; the sale of high-end fashion and accessories through an e-commerce platform; corporate operations. It derives most of its revenue from the Real Estate Development segment.
Traders couldn’t get their hands on shares fast enough as the price hit a session high of $1.39/share (+26.3%) on the day. This move is a strong continuation of the success the stock has seen over the last month.
