The US wine market is one of the most lucrative in the world, but it’s complex and challenging for small wine brands looking to establish themselves. An industry expert offers Felicity Carter his key tips and insights on how wine brands can beat the odds.
More and more wineries are discovering a second source of income—distillation. Roger Morris looks at the wineries taking advantage of the market’s thirst for spirits.
The US conglomerate Constellation Brands has published its figures for the past fiscal year 2023 (March 1, 2022 to February 28, 2023). In the wine and spirits segment, both volume and sales declined compared to the previous year.
In the second largest bank failure in US history, the California-based Silicon Valley Bank went into receivership last week as a result of inadequate liquidity and insolvency. The bank was closely involved with both the tech start up and wine sectors and sometimes brought them together. Robert Joseph reports.
As distributors get bigger, they require brands with bigger volumes to service their markets. This will reduce opportunities for small-to-medium-sized wine producers. Liza B. Zimmerman reports.
One of the most important trends in the US wine market over the last decade or so has been the growth in winery DTC – Direct To Consumer sales. With an average price per DTC bottle of $41.16.
There was sobering news at the annual presentation of the Silicon Valley Bank report—young consumers are showing no signs of embracing wine as they mature.
Jackson Family Wines (JFW) filed a federal lawsuit against its insurance company Dec. 9, 2022, for failing to pay millions of US dollars in fire damages, according to court documents.
It’s got a wine-growing history that dates back to the Roman world. It’s got more than 220 authorised grape varieties over 55,000 hectares of vineyards, and it’s one of the most exciting wine-growing countries in Europe.
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