New Year, New Surge Same Uncertainty
At the end of 2021, the total U.S. wine market was worth $78.3 billion, a 17% increase from the previous year. The gains were driven by the vaccinated and looser public health restrictions which gave consumers the confidence and opportunities to return to on-premise venues. Restored social interactions helped lift and stabilize the market. While […]
Pricing Poised for Increases
It’s one thing to hear a winery executive talking about taking price, it’s something else entirely when distributors start talking about it. But like so much else in the past two years, the unthinkable has not only been considered but is being reported by vintners and retailers who say their partners in the trade are […]
Industry Metrics: Total Sales up 10%
Value of Domestic Wine Sales for 12 months ended December 2021 +10% U.S. wine sales including bulk imports, bw166 Other Wine Industry Metrics December 2021 (versus December 2020) data: -5% off-premise sales value, NielsenIQ channels +24% on-premise sales (52 weeks ended Nov. 6, 2021), CGA Strategy +2% DtC shipment value, Wines Vines Analytics/Sovos ShipCompliant […]
Far Niente Finds Path for Growth
Steve Spadarotto joined the Far Niente Family of Wineries and Vineyards in 2018, two years after the private equity group, GI Partners, completed its acquisition of the estate that was originally founded in 1885 and then resurrected in 1979 by Gil Nickel. In addition to Far Niente, the company also owns Nickel & Nickel, Dolce […]
Upcoming Events
Jan. 25-27: Unified Wine & Grape Symposium North America’s largest wine industry conference and trade show at the Safe Credit Union Convention Center in Sacramento, Calif. unifiedsymposium.org Jan. 31-Feb. 1: Wine & Spirits Daily Summit The Wine & Spirits Daily Summit held in Coronado, Calif., draws top suppliers, distributors and retailer executives in the U.S. wine […]