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.
American communications professionals were out in force at Wine2Wine in Verona and they shared their insights into how the media works. Felicity Carter 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.
Winc, the much lauded 11-year old online business that went public last year, has collapsed, despite $54.2m from venture capital investors including Bessemer Venture Partners, Shining Capital and Crosscut Ventures. Sherry-Lehmann, the 88-year-old Manhattan store faces a $3m unpaid tax bill and rumours of possible closure.
As European legislators have moved to require ingredient and nutritional information on wine labels (or via a QR code), US consumer groups have fought to achieve the same objective. After nearly 20 years, it looks as though they have one their fight.
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Flexitank from VinLog: The flexible solution for global wine transport
zimmer@meininger.deMon, 03/20/2023 - 18:26
When it comes to the global transport of wine or other beverages in bulk, VinLog, as Kuehne+Nagel's beverage specialist, is one of the top providers. With the flexitank, VinLog offers an extremely successful transport solution thanks to its cost efficiency, flexibility and individuality while also helping to reduce emissions of CO2. Horst Müller, the global head of VinLog, gives us the details here.
zimmer@meininger.de
Mon, 03/20/2023 - 18:26
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