New Investors May Fuel Market
Despite dire warnings of fiscal cliffs and a cash flow crunch that would motivate winery and vineyard owners to seek buyers, the past year was characterized by retrenching by owners and strategic investments on the part of investors. The biggest deal of the past 12 months—indeed, since its initial announcement in spring 2019—was E. & […]
Little Momentum for Low-Priced Wines
For much of the past decade, the value side of the wine market had been stagnant, and growth came from the premiumization trend. The pandemic disrupted those long-term trends in 2020; but as a new year begins and a tentative recovery gains momentum, it appears some of the trends of the past decade may usher […]
California Tonnage, Prices Fall
The first look at the data from the 2020 vintage confirms it was one of California’s smallest winegrape harvests since the rain-soaked 2011 vintage and drought year of 2015. All told, California produced a little more than 3.4 million tons, which is more than the rain-soaked 2011 harvest of 3.34 million tons and the drought-reduced […]
Wine Industry Metrics: DtC Nears $165 Million
Value of domestic wine sales for 12 months ended January 2021 -9% U.S. wine sales including bulk imports, bw166 Other Wine Industry Metrics January 2021 (versus January 2020) data: 18% off-premise sales value, NielsenIQ channels -50% on-premise sales (52 weeks ended Nov. 28, 2020), Nielsen CGA 21% DtC shipment value, Wines Vines Analytics/Sovos ShipCompliant -42% […]
WX Looks to Digital, New Brands for Growth
WX Brands in Novato, Calif. had been well positioned for the past year with a portfolio of 11 national brands and 43 “exclusive” brands sold in some of the world’s leading grocery chains. According to the company, its flagship brand, Bread & Butter, saw an estimated 72% increase in sales volume to more than 860,000 […]
Upcoming Events
Feb. 16-19: Oregon Wine Symposium Oregon’s annual conference and trade show will be a four-day, online event. oregonwinesymposium.com Feb. 23-26: WineFuture 2021 Online event organized in Portugal featuring discussions on the COVID-19 pandemic, economic challenges, climate change and societal issues. winefuture2021.com/en Feb. 23-24: Texas Wine and Grape Growers Association Annual Conference Online conference featuring four […]