SNDL Expands “Wine and Beyond” into Saskatchewan

SNDL Inc. [Nasdaq: SNDL] announced last week that it has successfully obtained two liquor retail licenses in Regina and Saskatoon, through the Saskatchewan Liquor and Gaming Authority (“SLGA”) auction. The Company will leverage these licenses to expand its premium liquor banner, Wine and Beyond, into the final stage of the liquor retail transition to the private sector in Saskatchewan.

“We are excited to bring our Wine and Beyond banner into Saskatchewan, specifically in the key markets of Regina and Saskatoon,” said Tank Vander, President of Liquor Retail at SNDL. “Due to Saskatchewan’s low distribution of liquor licenses and high liquor sales per capita, SNDL expects stable and accretive growth in the two new stores. We are eager to introduce consumers to the Wine and Beyond brand, as we believe there is demand in the market for a premium liquor retail model.”

The Company’s 12 operating Wine and Beyond locations generated $135 million in revenue on an annualized basis for the three months ended September 30, 2022. This demonstrates the banner’s continued popularity and robust store performance, which SNDL anticipates will extend to the Saskatchewan market. Wine and Beyond’s initial launch in the two largest Saskatchewan cities will help SNDL to evaluate future expansion opportunities in the province.

 

A leading nutrition scientist discovers red wine is good for us, but variety is key

Tim Spector, a professor of genetic epidemiology at King’s College London, in his recent study which involved participants in the UK, US and Belgium. He suggests that wine drinkers look at drinking a wider range of red grape varieties, including unpopular varieties. In doing this, he states will boost our immune system, fight diseases, healthier gut and improve mental health.

He told Wine Blast podcast: “My advice for wine-lovers is keep loving wine and still drink wine, primarily for the pleasure, but at the back of your mind think, could I be trying different bottles or varieties that might actually be healthier for me and that I might enjoy?”

Professor Spector also states: “diversity is also important – if you take the analogy from foods, having a range of different grape varieties in your diet means that you are going to be helping different gut microbes inside you and you will increase your gut health and diversity. So, don’t just stick with the same wine. Get out there. try the hundreds or thousands of different grape varieties that we generally don’t enjoy.”

“Let’s get those rare ones back on the map again, because each of those could be helping you nourish really healthy gut microbes inside you and improve your health.’ A study led by Professor Spector’s team in 2019 found those who drank red wine had a wider range of gut bacteria. this was not seen for white wine, which may be because red wine has the grape skins left in for most of the fermentation process, so has high levels of polyphenols – plant compounds which are good for the gut.

Professor Spector is not suggesting people have full power to over-indulge in red and states: “The trick is to get the dose right, as always. That’s something that we all struggle with and it’s very individual. That’s why this government approach, [where] most countries say there are a certain amount of units that most men and women should have, is problematic.”

“Your response to alcohol is highly personalised and of course some people can’t drink it at all. So, we think that alcohol on one hand in large amounts is harmful but in small amounts, if might be okay.”

The Comité Champagne Announces 10 Year Investment Plan

The Comité Champagne today lifts the veil on the sector’s plan for the next decade, defining a global trajectory to face the challenges of the next 10 years. The main objective of this plan is that Champagne is always available, always desirable and always exemplary. In addition, the Comité Champagne will increase its annual budget by an additional €10 million ($10.72 million), which will be invested in areas including R&D, the sustainable development of the Champagne industry and strengthening its foundational missions.

Champagne Remains the Standard

The results for 2022 confirm the overall dynamism of the Champagne market, with 326 million bottles shipped globally in 2022 (up 1.6% from 2021). Champagne has quickly recovered from the shock of the 2020 health crisis and unquestionably retains the unique place that it holds in the hearts and minds of consumers.

An Interprofessional Committee that Meets the Challenges of Tomorrow

However, the vineyards are fragile; they suffer from unpredictable weather patterns and the development of diseases that cause the vines to wither, such as flavescence dorée, which has been referred to as the 21st-century phylloxera. Faced with these new challenges, and because the power of Champagne is based on the collective efforts of the industry as a whole, the Champagne winegrowers and houses once again take their destiny into their own hands.

A Revamped Research, Development and Innovation Center

To meet the challenges of production and quality, the Champagne sector will be equipped with a new center of research, development and innovation. This new site, which will be launched by 2025, will increase the surface area of the existing laboratory by 40%. It will also contain state-of-the-art equipment, including a new resized fermentation room/experimental cellar, a new tasting room twice as large as the existing room, and a new one-hectare experimental platform.

Preparing the Viticulture of Tomorrow While Preserving the Character of Wines in a Changing Climate

Grape varietal research is a strong tool for adapting to climate change and a response to societal expectations for the reduction of phytopharmaceutical products. In response, Champagne joined the INRAE varietal innovation program in 2010 and created its own regional program in 2014.

To sustain the availability and quality of its wines, Champagne is experimenting with new varietals, researching new techniques to combat the various forms of decline in the vineyard, defining new soil maintenance protocols, and implementing new oenological strategies to anticipate the effects of climate change while also meeting the requirements of the agroecological transition.

An Ambitious New Sustainable Development Plan Towards “Net-Zero Carbon” by 2050

Champagne has been at the forefront of sustainable development in the wine industry. In the 1980s, the Comité Champagne began work on wastewater treatment, biological control in the vines and vineyard zoning. The Champagne sector has fought against a changing climate and adapting to new conditions is a key priority. As such, the sector is particularly proud of its results to date: 100% treatment of wine effluents and more than 90% of industrial waste, a 20% reduction in the carbon footprint per bottle since 2003 and 63% of the vineyard areas receiving environmental certification (with a target of 100% certified by 2030).

That said, this plan must also reinforce the economic and social ambitions of Champagne. These ambitions go through improving the resilience of the sector, its workforce and the attractiveness of the region.

“It’s not just about responding to changing consumer demands, it’s about ensuring the productivity and sustainability of the Champagne vineyards, designing and promoting a viticulture in balance with the ecosystem and producing a sufficient quantity of quality grapes” said Maxime Toubart, President of the Syndicat Général des Vignerons and co-president of the Comité Champagne. “This is the goal of our industry plan and the course which we are setting for ourselves.”

The plan also aims to strengthen the training mission with the establishment of a large, coherent and impactful education ecosystem, with the goal of being recognized as the gateway and key player in Champagne training and education.

Today, Champagne has offices in 10 of its largest export markets, including the United States, which are responsible for promoting the appellation in their respective countries. This network of Champagne embassies will expand to make Champagne stronger globally.

“The investment we make embodies the social responsibility of our sector,” said David Chatillon, president of the Union des Maisons de Champagne and co-president of the Comité Champagne. “It is an absolute priority that Champagne remains an exceptional wine supported by a united, responsible and committed industry. It is a new goal at the service of new ambitions for our appellation and our terroir.”

#champagne #champagnelovers #wine #winelovers #comitechampagne #vin #champagnecellars#champagnemoments #winenews #winebusiness #wineeconomics #terrior #winemarkets

What Are The 10 Most Expensive Countries to Buy a Bottle of Wine?

As we are all aware, the average price of a bottle of mid-priced wine can vary drastically from country to country. CompareMyJet has researched and compared the price of wine across 38 OECD countries (converted to GDP) to reveal the most expensive countries to buy a bottle of wine.

Here are the results:

CountryCapital cityAverage price of a bottle of wine (£)
IcelandReykjavík14.97
NorwayOslo14.35
South KoreaSeoul12.79
United StatesWashington12.33
SwitzerlandBern11.07
AustraliaCanberra10.96
FinlandHelsinki10.47
IrelandDublin10.47
United KingdomLondon9.36
MexicoMexico City9.14

Wine drinkers not wanting to spend extra may want to avoid Iceland, with the average price of a bottle costing £14.97. But the extra cost may be worth it when enjoying a glass of wine with a view of the northern lights.

Source:  CompareMyJet

#Sunday #sundayfunday #sundayvives #wine #winelovers #winetourism #winenews #vino #winetasting #vin #travelling #winetravels

 

 

Women for WineSense Host “Connect Symposium”

This Thursday, February 9, 2023 between 4:00 – 6:00 p.m, the Napa/Sonoma chapter of Women for WineSense will host a “Connect Symposium” at Charles Krug Winery [with online members-only additional livestream.]

The event will include attendees from wineries, vineyards, and other industry members.  The reception will be followed by a presentation featuring proprietary consumer research insights and commentary from the Wine Market Council (WMC) President, Dale Stratton, about “Understanding the Ever-Evolving Wine Consumer.”

The proliferation of choice across the Beverage Alcohol category and the changing demographics of the American consumer has created new challenges for the wine industry. The conversation will focus on how the industry can collectively adapt to better communicate with future high-value consumers with added insight to the local luxury wine tiers.

“I’m honored to present to WWS Napa/Sonoma chapter members. Research clearly shows that the demographics of our country are changing, and it’s important for the wine industry to understand and adjust to those changes,” said Mr. Stratton.

This event is open to active WWS members and non-members that are pre-registered by 5 p.m., February 8, 2023 at www.womenforwinesense.org

 

#womenforwinesense #womeninwine #womeninwinebusiness #wineevent #onlinewineevent #WineMarketCouncil #americanconsumer #winemarketing #wine #winelovers #napawine #sonomawine #wineindustry