I finally caught up with a replay of Rob McMillan’s Silicon Valley Bank (SVB) webinar presentation of their own 2011-2012 State of the Wine Industry report. Rob is founder of SVB’s Wine division. His presentation was not really a state of the wine industry report since the bank and its research are only concerned with the U.S., west […]
US Wine Labels and Hong Kong Wine Auctions: Tale of Two Wine Worlds
While the US domestic wine industry continues its painful recessionary adjustments in response to the $50-plus wine category implosion and the consolidation of its distribution channels, the picture looks very different in Asia where this year’s Sotheby’s and Christie’s Hong Kong wine auction sales will outstrip their own combined New York and London volumes. As […]
No Comment on Wine Freedom in H.R. 5034 Response From Massachusetts Senator Scott Brown
H.R. 5034, the Comprehensive Alcohol Regulatory Effectiveness Act of 2010, is simmering in the House of Representatives and waiting to make its way out the House to a Senate vote. So, I contacted my State Senator, Scott P. Brown, with an appeal to consider the scary aspects of this legislation which would allow Massachusetts, and all other states, […]
Wine Sales Stink and The World is Not Flat
In Silicon Valley Bank’s recently released Preliminary Findings Report (you won’t get a recap of all the details here, save a few, so click on the link and download the PDF if you are so inclined) which precedes their more exhaustive Spring 2010-2011 Annual State of the Wine Industry Report, the Bank’s opening salvo declared; The […]
Gallo for a Nickel or Dime? A Cleansing Period for the Wine Industry at Any Price
The blogosphere has been glowing garnet with empirical proof that the US wine industry haphazardly exposed their flanks to foreign importers with business plans to dominate the value segments of the domestic US fine wine market (recent WineZag post). The industry continued to plant, expand, and gear up for the $50-$125 dead zone in today’s market. Not all the competitive imported value wines were sweet, […]