Wine + Spirts “Royal Warrants” become void after Queen’s death

There is a collection of well-known spirits and Champagne brands that will have their royal warrant status reviewed following the death of Queen Elizabeth II.

Brands and suppliers including Gordon’s gin, Champagne brands: Mumm and Moët, and wine merchants Corney & Barrow and Berry & Bros & Rudd all carry the Queen’s coat of arms as regular suppliers to the royal household.

Warrant Rules

A Royal Warrant of Appointment is strictly a document that permits a company to use the Royal Arms in connection with its business in an appointed trading capacity.

Brands and suppliers receiving a royal warrant are allowed to display the relevant coat of arms and the nature of the goods or services to which the warrant applies.

After a monarch’s death the warrants become void, but the holders can continue to use the crest for two years “provided there is no significant change within the company concerned”, according to the Royal Warrant Holders Association.

The Royal Household will review warrant grants upon a change of monarch, it also states.

Until her death, the Queen and (Prince of Wales) were the only two members of the royal family able to grant royal warrants.

Drinks firms and brands with royal warrants from the late Queen II include, but not limited to: Angostura, Martini, Berry Bros & Rudd, Bollinger, Mumm, Krug, Lanson, Roederer, Moët, Veuve Clicquot, Dubonnet, Harveys sherry, Dewar’s, Johnnie Walker, Justerini & Brooks, Lea & Sandeman, Matthew Gloag, Pol Roger, Symington Family Estates, Tanqueray, Gordon’s, Taylor’s port, Royal Lochnagar whisky, Pimm’s, Hine, Valvona & Crolla, Walker & Woodhouse and Windsor & Eton Brewery.

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Winechain [a NFT platform] raises €6 million for expansion

Winechain, an NFT platform specializing in fine wine sales, has raised €6 million of backing from some of the best-known names in fine wine, ahead of its launch later this year.

The start-up, which was founded by the former head of Amazon Europe, Xavier Garambois, Guillaume Jourdan, CEO of VitaBella and Nicolas Mendiharat, CEO of the San Francisco Palate Club, launched at the end of May 2022, after securing over $1 million in backing from wine estates and wine lovers.

It has now upped its investment to $6 million and secured backing by the Rouzaud family of Champagne Roederer and Château Pichon-Comtesse, along with the Reybier family of St Emilion’s Château Cos d’Estournel, and a venture capital fund, Fabric Ventures, with the aim to accelerate its technological development.

The platform aims to be a “new generation” marketplace of wine NFTS, which is called wiNeFTs, which uses blockchain technology and Web3 (a new iteration of the worldwide web which incorporates blockchain technology and token-based economics) to enable an “interactive” direct-to-consumer sales channel that is backed by global logistics, the company previously said. It has already signed up global logistics provider CMA CGM Group, which has taken a minority shareholding in Winechain along with its founder, CEO Rodolphe Saadé.

Winemakers that are part of the platform can choose which wines they wish to sell on Winechain, and access to the platform’s global community of buyers, meaning they can interact with their community of buyers directly.

Frédéric Rouzaud CEO of Champagne Louis Roederer said the investment was an expression of the desire to “constantly innovate and encourage innovation”.

“In the vineyard, in the cellar, and in every aspect of our activity, we are in perpetual motion, attentive to the times and practices that are in constant evolution. For us, Winechain is a means of pursuing this approach and of going even further in terms of proximity and dialogue with wine enthusiasts,” he said.

Max Mersch of FABRIC Ventures explained that the increased traceability, transparency and accessibility would open up the wine world to a new generation of wine enthusiasts.

“The wine enthusiast market is expanding at a pace that is rapidly outgrowing supply, and yet wineries are still looking to find ways to connect directly with their end consumers instead of the multiple logistics middlemen currently in place,” he said. “By creating NFTs for each case of wine straight at the source, wineries will have a transparent data-driven view of their customers, will be able to store the wines in perfect conditions while the wine is being traded and will be able to benefit from royalty fees on the entire secondary market.”

#winechain #NFTs #finewine #technology #nftcommunity #nftspace #nftwine #nft #wineinvestor #winecollector #nftplatform #wine #winenews #winelovers #winetrends #winetech

‘Via Maria 10’ The World’s Smallest Vineyard

On the rooftop of a building in Italy’s Reggio Emilia is ‘Via Maria 10’, which lays claim of being the world’s smallest vineyard. The vineyard is 200 square feet and produces 29 bottles of red wine per year, at a price of US $5,000/bottle, the vineyard’s owner, Tullio Masoni, advises not to drink the wine and you will see why.

Tullio Masoni, a former investment banker, turned winemaker and art collector, was inspired to create his own rooftop winery after selling a vineyard he inherited in the countryside surrounding Reggio Emilia, a decision he says he later regretted.

The wines are not sold via a website or in a wine merchant, but rather in a local art gallery located just a few blocks from the vineyard.

“My wine is a form of artistic expression, a philosophical provocation, something to keep in your living room so you can chat about it with your friends and tell them about the lunatic who put a vineyard on his rooftop” says Masoni

“If you see a bicycle wheel in a living room rather than a repair shop, you realize how beautiful it is,” Masoni said, seemingly a reference to the French conceptual artist Marcel Duchamp, who hung a bicycle wheel on the wall of his studio. “My vineyard is like that: It’s unexpected; it stimulates the brain; it sparks new thoughts.”

Art is at the centre of the entire operation at Via Maria 10. The vines grow on trellises made by a local sculptor, while the resulting wine is aged in oak barrels that are works of art by another local artist.

As such, he asks that people treat his bottles of wine as works of art – he says they should never be opened

Tasting notes:

“At the first sip you get a lot of perplexity, but after a few seconds something comes alive in your palate that opens up your mind to a new dimension”.

Sources:  CNN;  Drinks Business

#italianwine #winelovers #italianwinelovers #italy #vineyard #winery #wine #instawine #winenews #wineinfluencer #winegrowing #wineandart #wineinvestment #winelife #redwine

The 2022 Golden Vines® Awards will be held October 15-17 in Florence

The 2022 Golden Vines® – a definitive fine wine experience for 275+ guests will be held in Florence, Italy, for three days October 15-17 2022.

There were 450 wine professionals from 55 countries who voted for last year’s winners. This year’s event in Florence will have over 275 guests over a period of four days, and will feature wines & spirits from Dom Pérignon, Krug, Trimbach, Château Cheval Blanc, Solaia, Emidio Pepe, Taylor’s Port, Château d’Yquem, Hennessy Cognac and The Macallan.

The Oscar’s style awards ceremony & dinner to celebrate the world’s best fine wine producers & industry legends will be held at Salone dei Cinquecento, Palazzo Vecchio.

The three-day event will also feature:

  • 3 Michelin Star fine dining experience prepared by Chef Massimo Bottura and Osteria Francescana team
  • 500+ bottles of fine wine & rare spirits from Dom Pérignon P1 & P2, Trimbach Clos Sainte Hune,Château Cheval Blanc Château d’Yquem & The Macallan
  • Marc Almert @marc_almert, The 2019 ASI Best Sommelier of the World as well as The 2020 Michelin Sommelier of the Year, as The Golden Vines® Head Sommelier
  • The Golden Vines® Fine Wine, Rare Spirit & Experience Global Online Charity Auction with 100+ Auction Lots
  • The Zachys Fine WineGolden Vines® Live Auction

The target for The 2022 Golden Vines® is to raise over £1.2 million for the Gérard Basset Foundation – to fund education, learning & career opportunities for young wine professionals with a focus on global diversity, equity & inclusion-related wine, spirits & hospitality industry education programs.

PLUS:  A Gala Dinner celebrating The Golden Vines® Scholars, featuring:

  • Davide Oldani, 2 Michelin star chef of D’O, and Matteo Lorenzini, 1 Michelin star chef of Osteria di Passignano
  • Entertainment by Alessandro Ristori & The Portofinos
  • Masterclasses with Hennessy, Dom Pérignon, Domaine Arnoux-Lachaux, István Szepsy, & 4 leading Brunello di Montalcino vineyards

As well as other Private Tours, Tastings & Lunches, featuring over 500 bottles of wine from Marchesi Antinori, Emidio Pepe, KRUG ChampagneRuinart, and Richard Hennessy.

The 2022 Golden Vines®  are sponsored by:

Marchesi Antinori

Artémis Domaines

Castiglion del Bosco Winery

Dom Pérignon

Casa Ferreirinha

Gucci

Hennessy

The Macallan

Octavian

RIEDEL – THE WINE GLASS COMPANY

Robb Report

Gruppo Sanpellegrino

SGC Wine Estates

Taylor’s Port

VistaJet

Zachys Fine Wine

 

Registration and additional information about the 2022 Golden Vines® Awards can be found here: https://lnkd.in/e6Gf5hRg

 

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The “Top 10″ Wine Consuming Countries

The International Organise of Vine and Wine (OIV) published the “State of the World Wine and Vine Sector 2021” report April 2022 which estimates wine consumption per country, which also includes which countries consume the most wine per annum.

Despite the Western European reputation for a glass of wine with lunch and a glass of wine with dinner, it appears that the US (with its population of approximately 258 million adults) consumes the most wine per annum.

The estimated 2021 total consumption of 236 million hectolitres marks a 0.7% increase on the 2020 level, disrupting a trend of otherwise continuous decline from 2018 to 2020. This spike can be partially attributed to the reopening of the on-trade.

Note: this data is not per capita but estimates overall consumption for each country.

Here is a list of the top 10 counties that consume the most wine each year.

1) USA – 33.1 mhl

33.1 mhl equates to about 4.4 billion standard 75 cl bottles. Also note that USA still has dry municipalities and where alcohol cannot legally be purchased by anyone under the age of 21. The OIV data indicates that wine consumption has risen by around 5% since 2016, with older, affluent consumers driving the market.

2) France – 25.2 mhl

Consumption has slightly decreased in France in recent years, falling from an estimated 28.3 mhl in 2016, though this figure is actually 2% above the pre-pandemic volume. There are still those who enjoy their two glasses a day, including President Emmanuel Macron, but attitudes have shifted to favour less frequent consumption. Health consciousness may be part of it, though attempts to place the Nutri-Score system on bottles and label wines as “unhealthy” were met with outrage from the industry and consumers.

3) Italy – 24.2 mhl

Just falling short of France, Italian wine consumption does not meet the level of its wine production, with the country making almost twice as much wine as it drinks. This amount is actually Italy’s highest level since 2008, though sales of all alcohol in Italy declined by -8.5% during the pandemic. The notable rise also comes in spite of a report suggesting that while more Italians are drinking wine, consumption is less frequent.

4) Germany – 19.8 mhl

Sparkling wine is especially popular among German consumers. Prosecco and Cava juggernaut Henkell Freixenet’s recent results show that Germany, Austria and Switzerland remains the company’s strongest region. Champagne is also fizzing ahead – with the 15 million bottles sold in Germany in 2021 representing a phenomenal 28% increase on the 2019 level, a symptom of post-pandemic celebrations.

5) UK – 13.4 mhl

A survey of Brits’ favorite wine brands shows that there is a strong preference for sweet, less expensive wines or expensive Champagne. As for British bottles, the Queen’s Platinum Jubilee served as an occasion for many to crack open fizz from England’s burgeoning sparkling sector – as consumption has tripled since the Diamond Jubilee. Last year’s result was approximately 3.4% above the five-year average and shows that, despite Brexit, the UK remains a strong market.

6) China – 10.5 mhl

Wine consumption did drop by -17.4% between 2019 and 2020, largely as a result of the country’s rigid lockdowns, and by a further -15.4% in 2021. China was also a major market for Australian wine, but the tariff dispute which began in March 2021 shows no sign of cooling down.

7) Russia – 10.5 mhl

Russia has a reasonably-sized wine industry, producing an average of 4.5-5 mhl of wine per annum, and there is a strong domestic market for it. Indeed, as the country has become increasingly isolationist, Putin’s antagonism toward the European wine industry has grown, such as was the case with his declaration that only Russian sparkling could be labeled as ‘Champagne’. Despite this, there is still demand for foreign wine, and it will be interesting to see how this consumption figure changes, in light of the trade sanctions imposed as a response to the Russian invasion of Ukraine.

8) Spain – 10.5 mhl

Spain is a major global producer, on a similar level to France. However, despite wine being a fixture of meals in the country, alcohol consumption plummeted by -16% in 2020 as the majority of drinking takes place in restaurants and bars, which were shut during lockdowns, the reopening of those venues resulted in a 9.9% boost on the 2020 volume, a result that reflects pre-pandemic figures.

9) Argentina – 8.4 mhl

Though producers such as Bemberg have propelled the country’s fine wines into international markets, and Mendozan Malbec is now a staple of supermarket shelves across the world, for a long time most Argentinian wine never left Argentina. But domestic consumption dipped by -11.1% between 2020 and 2021, and the overall trend since the start of this century has been downwards. This is likely due to economic troubles and currency devaluation diminishing consumer purchasing power.

10) Australia – 5.9 mhl

Wine Australia launches AUS$2.2 million biodiversity program

There are currently 20 million drinkers over the legal age. Australia’s wealth of wines has found a domestic audience among millennial drinkers. In fact, between 2018 and 2021, the percentage of regular wine drinkers over the age of 55 fell by -7%, whereas for 25 – 44-year-olds it went up by a third, the reverse of the demographic shift that has been seen in the US. Overall, Australian wine consumption last year was 7.9% above the five-year average, reaching the highest consumption level recorded.

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