Philippe Couve

In the world of fine wine, we thoroughly enjoy talking about...well, #wine. Topics like logistics, supply chain and financial sustainability are indeed less poetic, and a little dry. In our competitive and highly regulated markets, they are, however, crucial to understand. How does a bottle of Bordeaux end up on a collector's table? What will its journey be, from the châteaux to the world? Who are the winners and losers in the current system? How are margins built? And the most fascinating question of all: who is currently making money (or not) in the fine wine supply chain? With what consequences? In our last episode ARENI Global, Felicity Carter and I look at the behind the scenes of La Place de Bordeaux, and consider the opportunities and challenges of this distribution system. For this episode, we bring in diverse and layered opinions from all part of the supply chain, from producers to fine wine merchants, all operating in crucial markets. Get ready for an in-depth exploration of how the system really works. With Max Lalondrelle (Berry Bros. & Rudd), Thomas Parker MW (Farr Vintners Ltd), Jeremy Stockman (Watson's Wine), Philippe Newlin (Wine.com), Vianney Gravereaux (MASSETO and ORNELLAIA) and Mathieu Chadronnier (CVBG/). This podcast episode was expertly edited by Polly Hammond (5forests) https://bit.ly/ILPBEp3 Claire Berticat Christian Holthausen Charlie Geoghegan Charlie Leary (李嘉立) PhD Charlie Matthews Magalie DUBOIS Stephanie Hennion Adam Holden Jon Pepper MW Robert Joseph Richard Hemming MW Richard Siddle Krister Bengtsson Darren Oemcke Preston Mohr Christopher Martin MW Laura Taylor Julian Perry James Miles Sarah Knowles MW Kathrine Larsen-Robert MS Peter Yeung Harriet Kininmonth #supplychain #distribution #profitability #brandbuilding #finewines

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The PM Spirits team had the privilege to chat with spirits expert Alexandre Vingtier who schooled us on Calvados. Amongst many other things, his explanation of how "traveling distillers"/"ambulant distillers" hold a special place in the Normandie region was quite eye opening: Unlike Cognac - and to some degree Armagnac - which are primarily commercial products, Calvados holds a more dual identity: it is both a commercial product and a personal, family-crafted spirit, making it not just a product but a part of daily life and tradition in Normandy where Calvados is made. In the region, ambulant distillers are still a thing: currently, there are 36 active such traveling distillers, to compare with 3 in Armagnac (and none in Cognac, at least to my own knowledge). That's mostly because while Normandy hosts around 400 registered commercial producers within the Calvados appellation, there are approximately three times as many farms producing cider spirits for personal use. These smaller operations may not be officially recognized within the appellation, but they contribute significantly to the local culture. The spirits produced on these farms are non-commercial endeavors. Although technically not "Calvados", these distillates are cherished locally and known as "cider spirits" or affectionately termed "calva", highlighting the stuff's everyday presence, often enjoyed at the end of a meal or with coffee and embodying a sense of local heritage and community.

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𝐏𝐞𝐫𝐧𝐨𝐝 𝐑𝐢𝐜𝐚𝐫𝐝'𝐬 𝐀𝐦𝐛𝐢𝐝𝐞𝐱𝐭𝐫𝐨𝐮𝐬 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐈 𝐄𝐫𝐚   𝗣𝗲𝗿𝗻𝗼𝗱 𝗥𝗶𝗰𝗮𝗿𝗱 𝗿𝗮𝗻𝗸𝘀 𝗳𝗼𝘂𝗿𝘁𝗵 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 𝗮𝗻𝗱 𝗳𝗶𝗿𝘀𝘁 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲 𝗳𝗼𝗿 𝗶𝘁𝘀 𝗶𝗻-𝗵𝗼𝘂𝘀𝗲 𝗱𝗮𝘁𝗮 𝗮𝗻𝗱 𝗔𝗜 𝗰𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀, according to the 2024 Data & AI Human Capital Report by AlixPartners and Darwin X. With a score of 54, it surpasses global competitors, including Nike and Procter & Gamble, particularly excelling in the drinks industry due to its strategic focus on leveraging large-scale data and tailored AI solutions.   𝗜𝗻 𝘁𝗵𝗲 𝗺𝗼𝗱𝗲𝗿𝗻 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲, 𝗮𝗰𝗵𝗶𝗲𝘃𝗶𝗻𝗴 𝗮 𝗯𝗮𝗹𝗮𝗻𝗰𝗲 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗲𝘅𝗽𝗹𝗼𝗶𝘁𝗶𝗻𝗴 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗲𝘁𝗲𝗻𝗰𝗶𝗲𝘀 𝗮𝗻𝗱 𝗲𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝗻𝗲𝘄 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝘀 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗳𝗼𝗿 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗲𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻. The concept of ambidexterity, as discussed in"Lead and Disrupt" by O'Reilly and Tushman, highlights the importance of this balance. Pernod Ricard’s approach to integrating data and AI capabilities serves as a prime example of exploration in action. Pierre-Yves Calloc'h Chief Digital Officer at Pernod Ricard, spearheads this initiative, stating, "In 2020, we launched an ambitious Data and AI programme to ramp up our business...allowing us complete control over the recommendations generated, thus boosting the confidence of our internal users." Under his leadership, 𝗣𝗲𝗿𝗻𝗼𝗱 𝗥𝗶𝗰𝗮𝗿𝗱 𝗵𝗮𝘀 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗱 𝗮𝗻𝗱 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝘀𝗶𝘅 𝗸𝗲𝘆 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗽𝗶𝘃𝗼𝘁𝗮𝗹 𝗶𝗻 𝗮𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗺𝗶𝘀𝘀𝗶𝗼𝗻. 𝗧𝗵𝗶𝘀 𝗲𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗻𝗼𝘁 𝗼𝗻𝗹𝘆 𝘀𝘂𝗽𝗽𝗼𝗿𝘁𝘀 𝘁𝗵𝗲𝗶𝗿 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗯𝘂𝘁 𝗶𝘀 𝗮𝗹𝘀𝗼 𝘃𝗶𝘁𝗮𝗹 𝗳𝗼𝗿 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗻𝗲𝘄 𝘄𝗮𝘆𝘀 𝗼𝗳 𝘄𝗼𝗿𝗸𝗶𝗻𝗴, thereby ensuring the company remains at the forefront of its industry. As companies navigate the delicate act of balancing exploit and explore, the journey towards becoming an ambidextrous organization is both a challenging and essential strategy in today's fast-evolving market.   #DigitalTransformation #AI #DataInnovation #AmbidextrousOrganization #Leadership #PernodRicard #ExploreExploitBalance https://lnkd.in/eZmjq27s

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🌟 Exciting News! 🌟 Today, we're proud to unveil our #Wine #Manifesto, which outlines the current challenges facing the EU wine sector and offers a strategic plan for a coherent and integrated approach under the new EU mandate. 🍇 Main challenges We Face that put at risk our future: - Unpredictable extreme weather events - Inflation and rising production costs - Geopolitical uncertainty - The demonization of alcoholic beverages 🍷 Our Response: The CEEV - Comité Vins has identified six strategic priorities to foster resilience, innovation, and sustainable growth. Beyond specific proposals, we advocate for a unified wine approach in the political arena to update laws and defend our wine culture against unfair attacks. Together, we can ensure the enduring strength of the EU wine sector and continue to celebrate the unparalleled diversity, heritage, and excellence in every bottle. Let's raise a glass to a sustainable and vibrant future for EU wines! 🥂 #WineCulture #Sustainability #Innovation #EU #WineSector #CEEV Federación Española del Vino (FEV) ACIBEV - Associação de Vinhos e Espirituosas de Portugal Associação das Empresas de Vinho do Porto - AEVP Fédération Française des Vins d'Apéritif Unione Italiana Vini - UIV Federvini Vinum Et Spiritus Verband Deutscher Sektkellereien e.V. Wine and Spirit Trade Association Gaya Ducceschi Juliette Moinereau Marina Malherbe

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Diageo today announced plans to invest over €100 million to decarbonise its historic St. James’s Gate site in Dublin 8, where Guinness has been brewed for 264 years. The investment underpins our goal to accelerate to net zero carbon emissions for the site and will transform energy and water consumption with the aim to make St James's Gate one of the most efficient breweries in the world by 2030.     The investment was announced at St. James’s Gate by Diageo’s Global CEO, Debra Crew. She was joined by the Taoiseach, Simon Harris TD, Minister for Enterprise, Trade and Employment, Peter Burke TD, and the CEO of Enterprise Ireland, Leo Clancy, who are providing Government-backed support for the decarbonisation project.    Today’s investment announcement will enable St. James’s Gate to entirely phase out the use of fossil fuels in direct brewing operations and reduce Scope 1+2 GHG emissions generated by the site by more than 90%, in line with the Science Based Target initiative’s definition of net zero.      By 2030, the site’s renewable energy strategy will combine the use of grid-supplied electrical power heat pumps; and biogas generated within a new water recovery facility. This facility will also improve water use efficiency and enable a projected reduction in the water used to brew Guinness by 30%.  

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Worldwide wine production has declined by a staggering 10% from 2022 to 2023, as reported in Forbes. The reasons for this decline are many, including extreme climate-related factors like floods, fires, and heat, as well as an increase in vineyard diseases. This trend is compounded by a long-term decline in global consumption that has been ongoing since 2007. https://lnkd.in/g9zUiJmD

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Whisky is coming soon on InterCellar Wine & Spirits ! 💥 With an annual return about 10% for private investors, Whisky ranks one of the best alternative investment asset class. Get to know more about our first Whisky drop of The Dalmore distillery with La Maison du Whisky today 👇 Founded in 1839, The Dalmore distillery is located in the heart of the Scottish Highlands and is one of the most well-known whisky brands around the world. The distillery is famous for its use of rare and precious casks for maturation, enriching its whiskies with deep, complex aromas. 🥃 When we look at Whisky investment, we typically look at 2 factors: 1- Liquidity 💰 : Dalmore is also known for its liquidity on the secondary market. For example, as for the Dalmore 15 Year old, there was a buyer for the requested price for~98.79% of the cases. 2- Annual Return 💰: In addition, Dalmore performs well in terms of annual return. For example, the Dalmore 18 Year old generates an Annualized return of 14.12% since 2015-04-01. 📆 Drop date: June 17th. 👉 More info about the drop to come soon, stay tuned ! #web3 #blockchain #wineandspirits #whisky #investment

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Vinexposium is back in Hong Kong, starting next week from 28 to 30 May with #vinexpo Asia. This return takes place in an unstable economic and political context. The global wine and spirits industry faces numerous challenges, with production and consumption in constant decline, and significant, multipolar geo-economic issues. This return to Hong Kong also carries a particular message. It is essential to ease rising tensions, especially between China and Europe, to promote trade. Harmonious cooperation between these two economic poles is indispensable for ensuring mutual and sustainable growth. Vinexpo Asia aims to be this platform for dialogue and collaboration, where industry players can work together to overcome challenges and seize business opportunities. In 2024, more than ever, Asia, particularly China, is establishing itself as a key market for the industry. #vinexpo #wine #internationaltrade #china https://lnkd.in/daTAApAX

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Rhône producers reflect on the 'perfect position' for sustainability... Two Rhône Valley vignerons give their exclusive perspectives on sustainable production in the region and its implications for winemakers. Read more here: https://lnkd.in/ev-84KPq CHATEAU BOUCARUT, Rhonéa

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A few tips on how to make French macarons from the Uppal residence kitchen.https://https://lnkd.in/e_SgwEEH

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RTDs continue to shine   In 2023, RTDs were the star of the global beverage alcohol market – the only major category to record volume growth (+2%), alongside a strong +6% uptick in value. This growth is expected to continue, with both volume and value forecast to grow at a CAGR of +3% between 2023 and 2028.   As they expand, RTDs are becoming more sophisticated (like us: Thomas Ashbourne Craft Spirits): cocktails (😉🎩) and long drinks are continuing to take share as consumers explore more premium options (👋) , as well as seeking more affordable (👋) and convenient alternatives (👋) to traditional beverage alcohol categories. SEE YOU ON THE SHELVES AND ON THE FLOOR! https://lnkd.in/eT3HbzbC

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As the landscape of gin evolves globally, American gins, historically overshadowed by renowned European brands, are now making a significant mark – most critically in the Super Premium Category. Our recent accolades at the World Gin Awards, where Conniption was distinguished as the best in the U.S. for three categories of gin, mark a pivotal shift in perception and taste. This is more than a recognition of quality; it’s a declaration that American gins are on par with, and often surpass, international ones. This burgeoning recognition is a call to action. The U.S. market is on the brink of a gin renaissance, poised to celebrate the rich, diverse flavor profiles crafted by American distillers. At Durham Distillery | Conniption Gin, we are at the forefront, championing this shift with our first-to-market method of vacuum cold distillation, which has set new benchmarks for quality and innovation in the industry. It’s time for a new balance in the #American #Gin industry—a call for equity for gin shelves across the country, where American gins can and should hold as prominent a place as those imported. Conniption gins are not merely participants in the market; they are pioneers, ensuring American gins receive the recognition and shelf presence they deserve. What this article doesn't take into account is that the taste preferences of American gin consumers—and crucially, those of American vodka drinkers who represent a significant potential market—are distinctly aligned with the modern, unique flavors offered by American distillers. An influx of imports dominated by London Dry and Classic Gin flavor profiles are not what the U.S. consumer prefers, nor will it speed up the tipping point of the overdue American Gin Renaissance. 

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The first Sotheby's Wine and Spirits auction held by the Swiss in Geneva is showing the high demand for premium offerings in Europe 💰⚒ 💡 The spotlight was on Domaine de la Romanee-Conti with a series of vintages from the 1970s, accounting for 8/10 highest-selling lots. ‘𝐓𝐡𝐢𝐬 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐭𝐡𝐞 𝐬𝐜𝐚𝐫𝐜𝐢𝐭𝐲 𝐚𝐧𝐝 𝐝𝐞𝐬𝐢𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐛𝐥𝐞 𝐰𝐢𝐧𝐞𝐬 𝐚𝐧𝐝 𝐥𝐞𝐠𝐞𝐧𝐝𝐚𝐫𝐲 𝐯𝐢𝐧𝐭𝐚𝐠𝐞𝐬.’ https://lnkd.in/e5CRzaAW In the same week, two rare bottles of the Grand Cru Monopole Clos de Tart 1945 exceeded all expectations when trading through Christie's auction. The estimated values were between £2,000 - £3,000; the lot was sold for £43,750‼ 🎇💸 https://lnkd.in/e9EJU_V7 Vin-X Fine Wine Investment Domaine de la Romanée- Conti Domaine Du Clos De Tart #Auctionsales #rarevintages #luxurywines #luxurylifestyle #alternativeassets #portfoliodiversification #burgundyicons

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Excellent and Free Course on the Wines of the Rhone Valley offered by Napa Valley Wine Academy in conjunction with Inter-Rhone. Intermediate level done in 4 parts that does nice coverage of Cotes du Rhone AOC, CDR Named Villages, the Crus of the CDR and Other AOC's of the Rhone Valley. You are awarded a Certificate upon successful pass of the final exam at three stages. Good news is that you have unlimited attempts. Lots of info is covered, so its good that they broke it down into 4 sections. Great way to learn about this important region and a fantastic review even if you think you know it. Do you know how many CDR Villages are allowed to append their names? How many Crus North and South in the CDR? The difference between Cotes du Rhone and the Rhone Valley? What types of wines are produced in each Cru or each of the Villages with DGC? If not, you will benefit from doing this course. Hop on the NVWA website https://lnkd.in/gmiG8gkV and check it out. Membership gives you access to even more study tool, video education, webinars, WSET helps and mock exams and a free Certification course of your choice for Napa Valley, Oregon, Argentina or American Wine.

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The Wine Market in Luxembourg: Luxembourg is a small monarchy of a few square kilometers but has one of the highest rates of per capita wine consumption. The Duchy also has a 2,000-year history of winemaking, but have you ever heard of Luxembourg as a wine producer? The answer for most of us is simply, “no.” Domestic wine production is, however, coveted by Luxembourgers. The producing area extends along the Moselle valley, and precisely because of its location, the local vineyards are filled with traditional grape varieties usually associated with Germany and France. Müller-Thurgau (usually called "Rivaner" there) and Auxerrois Blanc occupy almost 50% of the total surface. Pinot Noir also exists, showing that excellent red wine production has found a place in the country's cooler hills. USA Ratings

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Global wine consumption hit its lowest level since 1996, declining by 2.6% in 2023 to 221 million hectoliters. China's wine consumption, which has been decreasing since 2018, plummeted by 24.7% in 2023. The COVID-19 pandemic, geopolitical tensions, and energy crises disrupted the global supply chain, leading to increased production costs and higher wine prices. Major wine markets like the US and the EU also experienced declines in consumption, while Japan saw a slight increase. Global wine production dropped by 9.6% to 237 million hectoliters. The industry faces challenges due to inflation, high costs, and disrupted supply chains. Its recovery and adaptation remain uncertain. https://lnkd.in/eiQMYnwf #Divergan

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Exciting news! 🌍 Our global expansion with EcoSPIRITS is gaining momentum, with more of our brands coming on board. By incorporating the principle of re-use, we're not only expanding our reach, but also demonstrating our commitment to sustainable practices. Stay tuned for more updates on our journey towards a circular economy. #EcoSPIRITS #CircularEconomy #SustainabilityLeadership

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When I think about wines professionally, I focus on technical sheets and tasting notes. However, as a wine and gastronomic enthusiast, I look at wines from a different perspective, considering special occasions and pairing suggestions, and I fix more on the emotions they evoke. I look at a bottle and imagine a perfect evening with my husband in our yard, while another might be ideal for ordering pizza and enjoying a casual TGIF night. Certain wines are reserved for parties. I keep others specifically for when our friends from a neighbouring country visit, knowing they prefer whites. Some wines hold a very special place in my heart. Zeller Schwarze Katz, for example, will always be a wine for dating and romance, while Pol Roger is indelibly linked to celebrating success. These emotional connections make the experience of wine truly memorable and unique. It’s about feeling wine is not just a drink but a key element of social gatherings, enhancing the experience with its presence. And of course, it's a point of inspiration in my business, doing what I really like. #windustry, #winebusiness, #winelife

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Here are some key findings from the annual report of the International Organisation of Vine and Wine (OIV) on the global wine trade in 2023: France surpassed Italy to become the world's largest wine producer in 2023, making an estimated 48 million hectoliters. However, this may pose challenges for winemakers dealing with oversupplies and falling consumption. France is Europe's largest consumer of wine and the second-largest in the world. In 2023, France consumed 24.4 million hectoliters of wine, a 2.4% decrease from the previous year. The United States was the world's largest wine consumer in 2023, consuming 33.3 million hectoliters, a 3% decrease from 2022. France's wine exports in 2023 were affected by weakened international demand. The country was one of the major contributors to the decline in wine exports worldwide, experiencing a decrease of 800,000 hectoliters and €300 million. Global wine exports were significantly impacted in 2023, reaching a 13-year low. The decline was driven by bottled wine exports, indicating a potential shift towards cheaper products. Sparkling wine witnessed an unexpected decrease in volume compared to 2022, although the average export price increased. China's declining wine consumption has played a central role in driving down global consumption figures. The country consumed approximately 24.7% less wine in 2023 compared to the previous year. China's wine imports have also been declining for the sixth consecutive year, both in volume and value. Turkey's wine industry faces challenges due to domestic barriers, such as government restrictions on alcohol sales and marketing. Italy, Spain, and France combined exported over half of the world's wine volumes in 2023, but all three countries saw declines in both volume and value. #Divergan

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