Saturday, March 23, 2019
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Tag: Millennials

Afternoon Brief, March 15

Big Vintners Face Challenges as Market Growth Slows: Shifting market conditions mean the wine industry needs to meet consumers where they're at, according to the latest data from market research firm Gomberg, Fredrikson & Associates...

Afternoon Brief, March 13

Napa Valley Cabernet Sauvignon Named Best Wine in the World as Vivino Announces 2019 Wine Style Award Winners: Vivino, the worlds largest online wine marketplace and most downloaded wine app, today announced Vivinos 2019 Wine Style Award winners ...

Afternoon Brief, March 12

The Maddening Business of Marketing to Millennials: "I do think Bordeaux is potentially losing a generation," argues NYC-based sommelier Cedric Nicaise. "The wines are expensive, seen as 'old' by many younger people and are not cool ...

Afternoon Brief, March 7

After Floods, Sonoma County Wine Industry Tallies Losses: Last week, a series of powerful storms inundated Sonoma County, dumping 7 inches of rain in Sebastopol and as much as 20 inches in Venado, an unincorporated community in the hills between Guerneville and Healdsburg, all in the span of just 48 hours...

Afternoon Brief, March 4

Napa Valley Vintner John R. Shafer Dies at Age 94: The Shafer family is deeply saddened to announce the death of their father, longtime vintner, philanthropist and winery founder, John Shafer on March 2, 2019...

Afternoon Brief, February 21

Constellation Brands to Discontinue 40% of Wine & Spirits Portfolio: This week at the Consumer Analyst Group of New York (CAGNY) Conference, Constellation Brands said that they expected to sell or discontinue up to 40% of their wine and spirits portfolio. Bill Newlands, president and COO, looked to reassure investors that the "best is yet to come."

Afternoon Brief, February 19

Excess California Coastal Wine, Grapes Open New-Brand Opportunities, Heighten Marketing Expense: How big the 2018 North Coast wine grape harvest now won't be known for a couple more months, but it's become increasingly clear that banking the emerging wine business cycle will take different or revived tactics after years of steady consumer sales growth...

Afternoon Brief, February 18

What's in a Name? AVA Overload: In a market jammed with producers desperate to stay (or become) relevant, winemakers are turning to the government in a desperate bid for desirability. Winemakers in the US and elsewhere are lining up to get the region in which they grow their grapes officially recognized...

Afternoon Brief, February 12

Napa County, Bremer Family Winery Reach Lawsuit Settlement: Napa County and Bremer Family Winery settled a lawsuit brought by the county against the winery over alleged permit and code violations, ending a dispute that called into question how the county interprets older use permits...

Afternoon Brief, February 8

Mt. Difficulty Sold to Foley Family Wines for $52M: A statement from the OIO last week said the purchase included about 70ha of freehold land and about 110ha of leasehold land at the Bannockburn vineyard. Mt. Difficulty is a medium-sized vineyard known for its Mt. Difficulty and Roaring Meg labels, and particularly its Pinot Noir and Riesling, produced by winemaker Matt Dicey...

Afternoon Brief, February 4

Should You Ignore What Your Customers Want? The Great Winemakers Do: Among French wines, Château Pétrus is legendary. Consumers pay over $1,000 for a single bottle. Talking with Christian Moueix, the owner and long-time winemaker of Pétrus, Kellogg's Gregory Carpenter asked an innocent question: When crafting a wine, how do you think about the consumer?

Afternoon Brief January 31

Wine and Sex Off the Millennial Menu The State of the Industry presentation Wednesday at the annual Unified Wine & Grape Symposium in Sacramento wasn't quite as gloomy as Silicon Valley Bank's dark take on the future two weeks earlier. Instead of "duck and cover", it was more motivational, as grapegrowers were encouraged to strap their boots on and fight for their future...

Afternoon Brief, January 25

Direct Sales Alters US Wine Market: In 2018, wineries shipped more than 6 million cases of wine, a nine percent increase over the previous year, according to Larry Cormier's presentation at the annual Direct to Consumer Wine Symposium held in Concord, California. Cormier is the general manager of the Colorado-based ShipCompliant/Sovos company, which gathers this data for presentation to the wine community each year...

Afternoon Brief, January 22

Supreme Court's Wine-Regulation Case Focuses on Protectionism:

Afternoon Brief, January 18

Amid Shift in Wine Consumer Demand, California Wine Country Cautioned to Prepare for Ample Grape Supply: The North Coast wine business on Thursday received another wake-up call about gathering storm clouds that could dampen consumer demand for premium wines and the grapes from which they're made ...