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DAILY NEWS FETCH - July 15, 2016
CREATED BY WINE INDUSTRY INSIGHT & MADE POSSIBLE BY OUR SPONSORS
Publisher/Executive Editor, Lewis Perdue -- Editor, Becca Yeamans-Irwin
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TODAY'S TOP NEWS
Wine Pricing...No Longer Sour Grapes? Scroll down to Daily Data and check out this hot new revealing chart from RBC Capital Markets.
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This Spring Mountain Estate Winery/Home Is Just Waiting For The Right Rising Star Winemaker or Chef
This 3,992 sqft estate winery/home on 12.92 acres of Spring Mountain has panoramic Napa Valley views with a vested 3K-case use permit (+ tastings by appointment), crush pad, 3-bedroom, 3-bath house and a chef-quality kitchen. To learn more, click this link or contact Katie Somple, WineryX Real Estate
This property is all about making a name for a break out winemaker or famous chef!
Because the winery permit was issued in 1999, way before things got really tough at the county, it allows for tasting by appointment - that's huge. Also the minimalist architecture lends itself to a potential wow factor tasting room with retail use, including a commercial gauge kitchen ideal for any type of food demonstrations and entertaining.
The cachet of Spring Mountain and the exclusivity of the location are huge assets to the right buyer ready to make a name for themselves. Think Outpost. Think Judd's Hill on Greenfield Road. An additional adjoining acre along with wine production equipment are available separately.
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NOT JUST FOR THE TRADE
CRAFT BEVERAGES: BEER, CIDER, WINE & SPIRITS - A Sampling of Today's Headlines
Get the rest of today's craft news at Craft Beverage Insights
- SEC Filing Indicates $90 Million VMG Investment in Stone Brewing
- Will Massachusetts Lawmakers Level The Playing Field Between Small Brewers And Distributors?
- How will big investments in craft beer affect the industry?
- How Next-Level Design Is Driving the Beer World
- Adult soft drinks ‘increasingly important’
GIVE US THIS DAY OUR DAILY DATA
Demand for high-end wines leaves room for under-$10 category to increase prices
Right-click chart to view a larger image.
Source: "Wine Pricing...No Longer Sour Grapes?" from RBC Capital Markets
Quick takeaways (lots more in full analyst report):
- When a consumer chooses to purchase wine that retails for more than $40, they are no longer buying that product as a consumer staple but rather as a lifestyle choice—and the same consumer who is able to afford and willing to pay more than $40 for a product has shown willingness to pay as much as $100 and above given that dynamic.
- Wine category dollar sales have grown 6.2% over the past year according to Nielsen (~300 bps faster than the average CPG category).
- This big trade-up on the high-end has provided room for sub-$10 brands to begin increasing price. And ultimately, pricing will directly result in margin progression.
NEWS FETCH PLAYLIST:
While creating this issue:
Becca liked this song best: Breathe by Telepopmusik
Lew liked this song best: Evangeline by Los Lobos
TODAY'S FEATURED WINE
Big, bold rosè with forward citrus and raspberries wrapped around an iron fist of tannin & tart. $12 Safeway/6pak.
I tried out a new set of photo filters. Nice effects, but it's a real dbag because it defaces every image with their logo. I've since deleted the app.
This NewsFetch was hand-crafted for you by Editor Becca Yeamans-Irwin (The Academic Wino) and Publisher/Executive Editor, Lewis Perdue.
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