Deals Driven by Strategic Shifts
Dealmaking in the wine industry used to be about growth, but in a flattening market it’s become about preparing for the future. Before the pandemic hit, major wineries looked to broaden their geographical scope. Direct-to-consumer brands had grown to the point where they needed outside capital, but the pandemic was the moment that proved their […]
Lighter Harvest Yields Better Prices
California growers produced 3.35 million tons of winegrapes in 2022 and much of that harvest appears to have sold for better prices as average per ton prices paid increased throughout the state. The 2022 harvest appears to be 7% less than the previous vintage and slightly less than the smoke-curtailed crop of 2020. The smaller […]
Past Year Brings Pricing Increases
The past year saw a decline in the number of new products added to the Gomberg Fredrikson Wine Price Service coupled with an increase in the number of domestic wines with price increases. According to data from the price service, and the monthly Price Analysis Report, the number of new wine SKUs added to the […]
Industry Metrics: Wine Sales up 6%
Value of Domestic Wine Sales for 12 months ended January 2023 +6% U.S. wine sales including bulk imports, bw166 Other Wine Industry January 2023 (versus January 2022) data: -5% off-premise sales value, NielsenIQ channels +10% on-premise sales (52 weeks ended Dec. 3, 2022), CGA by NielsenIQ +3% DtC shipment value, Wines Vines Analytics/Sovos ShipCompliant […]
Bringing Wine into the Virtual World
Dan Petroski joined the winemaking team at Larkmead Vineyards in Napa Valley in 2006 as an intern and became the winemaker in 2012. While working at Larkmead, he launched his own brand, Massican, and in July of 2021 he left Larkmead to focus on Massican full time. Prior to winemaking, Petroski was an advertising executive […]
Upcoming Events
Eastern Winery Exposition: March 14-16 Set to take place in Lancaster, Pa., the exposition is the largest wine and grape growing conference and trade show in the eastern United States. easternwineryexposition.com UC Davis Wine Executive Program: March 26-30 The UC Davis Wine Executive Program in Davis, Calif., is designed to teach the fundamentals of winemaking and […]