Tag: Wine News

The Top 10 Countries That Drank The Most Wine In 2020

Paris-based International Organization of Vine and Wine (OIV) has just revealed stats of the top ten countries that drank the most wine in 2020.

Global Consumption has fallen to its lowest point since 2002. OIV reports that that overall wine consumption had fallen three percent to 234 million hectolitres in 2020 – around 6.2 billion gallons. In terms of market value, OIV puts the total exports of wine-producing countries at an estimated 29.6 billion euros ($35.6 billion), a figure that would represent a fall of nearly seven percent.

OIV maintains that these numbers are an estimate.

“With the exception of Prosecco, sparkling wine is the category of wines that suffered the most in 2020,” the organization states.

So, which countries drank the most wine in 2020?

Here are the top 10 by consumption according to OIV.

  1. 1.US – 33mhl
  2. France– 24.7mhl
  3. Italy– 24.5mhl
  4. Germany– 19.8mhl
  5. UK– 13.3mhl
  6. China– 12.4mhl
  7. Russia– 10.3mhl
  8. Spain– 9.6mhl
  9. Argentina– 9.4mhl
  10. Australia– 5.7mhl

#wine #winelovers #winetasting #instawine #redwine #whitewine #sparklingwine #oiv #winenews #wineconsumption #winemarketing

The Bollinger Family to Acquire Oregon’s Famed Ponzi Vineyards

The Bollinger family, owners of iconic Champagne Bollinger in addition to four other historic estates in France, announce the upcoming acquisition of their first winery in the United States, with the purchase of Oregon’s famed Ponzi Vineyards. The transaction will unite the Bollinger family with the Ponzi family, building on the legacy the Ponzis have established as one of Oregon’s original wineries, leading the success and growth of the region’s Pinot Noir over the last 50 years.

Bollinger family holding group Chairman & CEO Etienne Bizot comments, “The United States is such an important market for luxury Champagne, Burgundy, Sancerre, Cognac, and other regions in which our family owns wineries. If there was anywhere outside of France where we felt it was critical to invest, it is in the U.S. We have quietly considered opportunities for a number of years, but it is finally with the Ponzi family that we feel we have found the ideal fit. Their bold vision to come to Oregon, the subsequent decades of recognition for continually innovating and improving – we have so much respect for what the Ponzis have achieved, and look forward to building on it together, and connecting all our brands more closely with the U.S. market.”

“We have dedicated our lives to demonstrating Oregon’s Willamette Valley as one of the greatest places on the planet for producing cool climate, high quality Pinot Noir and Chardonnay,” remarks Luisa Ponzi, the winery’s recognized leading winemaker who trained in Burgundy. “This transaction makes sense for our respective families because of our well-aligned values and shared commitment to producing wines of the very highest quality.”

“It gives us immense satisfaction to have the opportunity to pass our legacy winery on to the Bollinger family, who will continue to elevate the brand on a global scale,” Winery president Anna Maria Ponzi shares. “This is the natural next step for our brand and winery.”

The purchase includes the winery and hospitality facilities 40 minutes from Portland, Oregon in addition to 35 acres of vineyard land in the newly established Laurelwood District AVA. The winery has been an introduction to the region for countless numbers of people through not only visits but major events that the Ponzi family has been instrumental in creating and supporting, such as the International Pinot Noir Celebration, Oregon Pinot Camp and the Salud Pinot Noir Barrel Auction.

Under the leadership of a new CEO, whose recruitment is ongoing, Anna Maria will continue to lead the sales & marketing over the transition period and Luisa will remain as the Director of Viticulture and Winemaking. The Ponzi family will retain 100 acres of vineyard land and will grow and sell the grapes to Ponzi Vineyards under a long-term contract.

VINTUS, current Ponzi Vineyards national sales and marketing agent, and importer of Champagne Bollinger, Champagne Ayala, Domaine Chanson and Langlois-Chateau, will continue to represent Ponzi’s trade distribution in the United States.

#winenews #industrynews #champagne #bollinger #bollingerchampagne #Ponzivineyards#wineindustry #oregon #wine #oregonwine #willamettevalleywine #instawine #winewednesday @ponzivineyards @champagne_bollinger

 

The 60th Hospices de Nuits-Saint-Georges Wine Auction was an outstanding success!

The 60th Hospices de Nuits-Saint-Georges Wine Auction was an outstanding success! Driven by online marketing and an increase in first-time buyers, registrations up + 20% over 2020.

2021 established a new record with total sales of €1,923,000 and an increase of +19.11% from 2020. Standout bids included:

  • Nuits-Saint-Georges 1er Cru Les Saint-Georges Cuvée Georges Faiveley pièce sold for €32,000;
  • The “pièce de charité,” 228L of Nuits-Saint-Georges Premier Cru Les Saint-Georges, sold by subscription for €49,380, another record. Proceeds raised from the sale support the Institut Pasteur.

The sale of the 17 cuvées of the red wine made €1,869,000 (+ 17.51% up from the 2020 auction) and the sale of the cuvée of white wine Nuits-Saint-Georges 1er cru Les Terres Blanches – Cuvée Pierre de Pême generated €54,000, i.e. (+ 125% up from the 2020 auction).

Proceeds from the Hospices de Nuits-Saint-Georges 2021 Wine Auction will support the new Saint Laurent Hospital.

#HospicesdeNuitsSaintGeorges #onlinewineauction #burgundywines #burgundy #Bourgogne #vinsdebourgogne #vinsdefrance #vin #winelovers #EdouardDelaunay #vindefrance #winestagram #NuitsSaintGeorges #WineAuction #auction #charityauction #winenews #winecollectors #wineinvestors #fineandrare #frenchwine

Wine News: Bourgogne wines held up on the International Market in 2020

BIVB has announced their 2020 export report –  After a very good November in terms of volumes, exports of Bourgogne wines over the first 11 months of 2020 were slightly higher than over the same period in 2019 (up 0.5%), confirming a trend already witnessed in October. Revenue was also close to the record level seen in 2019, down just 2.6% by the end of November, having recovered from being down 9% just a month previously.

However, these figures should be set within a sluggish economy, impacted by both COVID and the 25% Boeing/Airbus tax, which severely penalized sales to the United States, down 14% by volume and 21% in terms of revenue, representing a loss of some €44 million. However, with volumes up 16% equating to 2.2 million bottles, the British market almost entirely offset the loss in volumes from the United States and once again became the leading export destination for Bourgogne wines.

Several territories saw big upticks in numbers, like Sweden, up 18.4% by volume and 14.2% in terms of revenue compared to the same period in 2019, and Denmark, up 24% by volume and 25.6% for revenue. Others enjoyed more moderate growth but for big volumes, like Canada (up 6.4% by volume and 6% in terms of revenue) and Belgium (1.2% and 5.5% respectively).

In France, Bourgogne wines grew their position in the retail sector, up 4.7% by volume and 5.7% in terms of revenue over the first 10 months of 2019, thanks in particular to their popularity in convenience stores and via click-and-collect. As yet, there is no data regarding the restaurant sector, which is in free-fall, or for wine stores that are enjoying a boom.

#winenews #wineeconomics #wineexports #frenchwine #Burgognewines #winesales #winemarketing #winelovers #wine #bivb #burgundy #winetrends

 

Vivino Raises $155 Million in Series D Funding

Vivino, the world’s most downloaded mobile wine app and largest online wine marketplace closed (this week) a $155m Series D funding round led by Swedish based investment firm Kinnevik with Sprints Capital accompanying as a new investor. Additional participants include GP Bullhound and existing early-stage investor Creandum. This latest round brings Vivino’s total funds raised to date to $221 million and includes a mix of primary and secondary investment.

Vivino currently boasts a community of 50 million wine enthusiasts, who turn to the platform for its personalized recommendations, unbiased rating system, and expansive selection of wines from more than 700 marketplace partners worldwide. The new capital will enable Vivino to improve its core technology and artificial intelligence platform to create better and more personalized recommendations for Vivino users. The company will also deepen its focus on select markets with the greatest potential for growth, including the US, Germany, the UK, Italy, Japan, and Portugal.

“This is a testament to the remarkable work that our teams around the globe have done to build an extraordinary business,” said Heini Zachariassen, Vivino’s Founder and Chief Executive Officer. “This round has raised important capital for our rapidly growing company and drawn some exceptional new leaders to our board. The funding will enable us to continue to build on our core strengths, expand industry partnerships drawing more merchants and wineries to our marketplace, and support our continued global growth.”

Alcohol e-commerce sales worldwide have grown immensely, and it is estimated that by 2024, they will exceed $40 billion. Zachariassen credits the company’s growth to this continued shift in consumer behavior. “Our user retention rates are high, and we’re seeing a steady conversion of app users to wine buyers. That’s a good move in the right direction. By creating more value for our users, we also create more value for the company and industry at large.”

Since its Series C raise in February 2018, led by Vivino’s current board chairman, Christophe Navarre and former CEO and Chairman of Moët Hennessy, Vivino has increased its user base from 29 million to 50 million and has significantly grown its marketplace business, which connects wineries and wine merchants to its community. The company has posted a 100% annual growth rate for the last seven years and a 103% increase in year-over-year sales in 2020.

#vivino #vivinonews #winenews #ecommerce #winemarketing #winesales #consumerbehavior #AI #mobleapp #economics #winebusiness #winelovers #winelover #wine #wineapp #vivinoapp #winetrends #winetechnology