It’s Time for Wine Companies to Grab a Paddle
Wine & Spirits Daily
by Hana Kruger
3d ago
Dear Client: Today, we're continuing our coverage of the Silicon Valley Bank 2024 Direct-to-Consumer Wine Survey Report and webinar, pulling some more commentary from a collection of industry experts.   CHURN AND CLUBS. One large aspect of direct-to-consumer wine sales we haven't touched on yet is wine clubs which, recall, made up 39% of survey respondents' … You are unauthorized to view this page ..read more
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WES Brands’ Approach to Building Successful Celeb-backed Brands
Wine & Spirits Daily
by Hana Kruger
5d ago
Dear Client: WES Brands is relatively new to the spirits world, but has been making plenty of headlines due to the high-profile nature of its brand partners, including Academy Award-winning actors and Grammy-winning musicians.  WSD recently got WES Brands coo Sean Penn– who coincidentally shares a name with a famous actor– on the line to … You are unauthorized to view this page ..read more
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Gallo Adds Super Premium Rum to Spirits Stable
Wine & Spirits Daily
by Hana Kruger
1w ago
Dear Client: Gallo announced today that it has made a strategic investment in Puerto Rican rum brand Ron del Barrilito, becoming the exclusive US importer of the brand.  Ron del Barrilito was first created in 1880, claiming the title of the oldest rum in Puerto Rico. The storied brand ages its rums in 100% Oloroso … You are unauthorized to view this page ..read more
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Constellation Expecting H2 Turnaround Amidst W&S Overhaul
Wine & Spirits Daily
by Hana Kruger
1w ago
Dear Client: Constellation Brands reported net sales growth of 6% for the first quarter of fiscal year 2025, ended May. It's the same story this quarter as it has been for several consecutive quarters– overall performance was propped up by a strong showing from beer and weighed down by wine and spirits.  Overall wine and … You are unauthorized to view this page ..read more
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What Bar Owners Want from Brands
Wine & Spirits Daily
by Hana Kruger
1w ago
Dear Client: While the pandemic showed us that brands aren't just built in the on-premise anymore, "you can never keep your eyes away from the on-trade because they lead the trends," said William Grant & Sons manager of brand advocacy Sebastien Derbomez at the recent Bar Convent Brooklyn.  GN Chan, co-founder of Double Chicken Please … You are unauthorized to view this page ..read more
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O’Neill Vintners & Distillers Makes Foray into WA, Acquiring Substance Wines
Wine & Spirits Daily
by Hana Kruger
2w ago
Dear Client: O'Neill Vintners & Distillers announced this morning the acquisition of Washington wine brand Substance Wines from veteran winemaker Charles Smith, marking the company's first Washington wine brand. No financial details were disclosed.  Substance Wines was introduced in 2015. It's made using small batch winemaking techniques, and the brand is known for its "transparent … You are unauthorized to view this page ..read more
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A 30,000-Foot View of the DTC Wine Channel
Wine & Spirits Daily
by Sarah Barrett
2w ago
Dear Client: Today we are continuing our coverage of Silicon Valley Bank's 2024 Direct-to-Consumer Wine Survey Report, breaking down some of the fast stats directly from the pages of the report. A QUICK OVERVIEW. The DTC channel made up the majority of sales for respondent wineries, with 72% of sales going through some form of DTC … You are unauthorized to view this page ..read more
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Tasting Room Visitation May Have Hit its “Bottom” in 2023
Wine & Spirits Daily
by Hana Kruger
2w ago
Dear Client: Silicon Valley Bank (SVB) released its 2024 Direct-to-Consumer Wine Survey Report this week, assembling a panel of industry experts for a webinar on Tuesday to discuss the results and the wider implications for the industry.  The 2024 DTC Wine Survey included responses from 499 wineries across the US, ranging from the smallest production … You are unauthorized to view this page ..read more
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IWSR Expects Slow Bev Alc Recovery in the US
Wine & Spirits Daily
by Hana Kruger
2w ago
Dear Client: After a total bev alc volume decline of 3% in the US in 2023, IWSR expects the market to recover moderately at a forecasted CAGR of -1% between 2023 and 2028. And the US is expected to add more than $7.5 billion in incremental gains to the global bev alc market in the … You are unauthorized to view this page ..read more
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Ackley Brands Founder Building for the Long-Term
Wine & Spirits Daily
by Hana Kruger
2w ago
Dear Client: Seattle-based Ackley Brands was founded in 2016, but the wine company wasn't on our radar until earlier this year when it acquired Columbia Winery and Hogue Cellars from Gallo for an undisclosed sum [see WSD 04-17-2024].  Your editor recently chatted with founder and president Brandon Ackley to learn more about the growing company … You are unauthorized to view this page ..read more
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