US imports of bulk wine of around 4.88m, hl marked a new record. Total volumes were 10% higher than in 2021.  

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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.

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American communications professionals were out in force at Wine2Wine in Verona and they shared their insights into how the media works. Felicity Carter reports.

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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.

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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.

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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.

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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. 

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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.

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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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