DECEMBER 14, 2022 – WINE NEWS FETCH

• Winc Insolvency Stalking Horse Is WX Via Argentinian Conglomerate
• Fine Wine Ponzi Fraudster Facing US Extradition Over UK Scheme [paywall?]
• Bankable wine industry M&A deals: Preparation is key for sellers
• Uber Eats orders for non-alcoholic beer, wine and spirits treble
• A Quick Look At The Home Of Winc’s Stalking Horse
• Hate filling out the CA Grape Crush Report? Now There’s help! – (Sponsored Link.)

ICYMI (IN CASE YOU MISSED IT)

• Millennial fallout threatens premiumisation
• Is Winc’s Collapse a Warning for Wine DTC? (podcast)
• Young adults living with parents fuel luxury boom, Morgan Stanley says
• Net Sales & Cases Sold In Most Key Channels Declined Against A Very Strong Q3 Driven By On-Site Sales (POS) Last Year.
• Grow your wine brand awareness in restaurants and bars of USA – (Sponsored link)

WINE SUPPLY & CONSUMPTION

• Ciatti California Report – December 2022 (PDF)
• Burgundy 2021: low yields but high hopes?
• Georgian Wine Exports to the U.S. Continue to Grow with 7.18% Increase in 2022 From Previous Year

CALIFORNIA BRIEFS

• CDFA Now Offers An EZ Version Of The CA Grape Crush Report
• Hoopes Vineyard gives its side in legal dispute with Napa County [paywall?]
• 2023 Unified Program Schedule
• Passing the torch at 3 Sonoma County wineries [paywall?]
• Festival Napa Valley organizer names 2 new board members

WILDFIRES/SMOKE TAINT

• California Fire Map
• Oregon Wildfire Tracker

DROUGHT/WATER

• Is California’s drought over? Shortages still expected
• Too soon to know how Sierra Nevada snowfall will impact California’s ongoing drought
• Central Valley farmers struggle as CA closes on historically dry year

CLIMATE CHANGE

• Why you might soon be drinking more Swedish wine

DIVERSITY

• Association for Black Wine Producers and Entrepreneurs Offering $5,000 Grants

HEALTH

• Can Anything Help a Hangover? [paywall?]

NFTs, BLOCKCHAIN, & THE METAVERSE

• Does Meta Matter Anymore?

PUBLIC COMPANIES

• The Duckhorn Portfolio Publishes its FY22 Responsibility and Sustainability Report
• Pernod Ricard Winemakers Partners with TBWA\Sydney on Global Wine Brands

FINANCE, INVESTMENT, M&A

• Terold Purchases Majority Stake in WX Brands
• Vintage Wine Estates (NASDAQ:VWE) and Pernod Ricard (OTC:PRNDY) Critical Comparison
• Wine Balloon Net Worth: How Much This Product Earned From Shark Tank?

DISTRIBUTORS

• RNDC Expands Presence in Maine, New Hampshire and Vermont

INVESTING IN WINE, COLLECTING & AUCTIONS

• What does 2023 hold for fine wine?

WINE CRIME

• Reserva de la Tierra labelling fraud scandal sees its day in court

MATTERS OF TASTE

• Consumer wine journalists on the power of Provence rosé phenomenon
• The Evolving Science Behind Our Sense of Smell
• Sonic Seasoning: How Sound Affects Taste

WINE PEOPLE

• Beyond the Iron Curtain: Man escaped Berlin Wall, started Oregon vineyard
• Unfiltered: David Moore

NORTH AMERICAN REGIONAL WINE NEWS

• CT: Orange zoning board ‘illegally’ denied application, winery says
• Montana tax revenue from weed projected to go up, but wine, beer stay relatively flat
• Wine Shops Are Playing a Pivotal Role in Creating Atlanta’s Wine Scene

EUROPE & THE UK

• Florent Latour named chairman of Burgundy négociant Maison Louis Latour

DOWN UNDER

• OZ: Tiny insect threatening billion-dollar wine industry [freewall?]
• NZ: Invivo Air to take flight in January 2023
• OZ: Riverina grapegrowers at centre of new profitability initiatives
• OZ: Wine industry sour on return and earn

ASIA & PACIFIC RIM

• Indian winemaker Sula’s IPO oversubscribed with bids worth $190 mln [freewall?]

LATIN AMERICA

• On The Trail Of Peruvian Wine

SOUTH AFRICA

• South Africa: Landmark deal signed between CellarDirect and global wine e-commerce leader Commerce7
• Heavy rainfall more positive than negative for South African wine grape producers

AROUND THE GLOBE

• Rwanda starts farming grapes, wine processing

BEER, CIDER, WINE & SPIRITS

• Pappy Van Winkle Bourbon sells for 17 times the pre-sale estimate