Eamon FitzGerald

Fine Wines - Bordeaux dominates the secondary market this week  Bordeaux led weekly trade by a considerable margin this week, accounting for 40.2% of total trade by value. Burgundy trailed behind with a trade share almost half of Bordeaux’s, taking 21.4% of trade, slightly up from last week’s 18.5%. Champagne’s trade share kept declining, falling from 8.0% to 6.3% of trade this week. The region was overtaken by Tuscany, the USA and the ‘Others’ category, despite  Tuscany and Piedmont both saw their trade shares fall week-on-week, to 7.9% and 4.4% respectively. The ‘Others’ category also took a dip, falling from 17.8% to 9.4% of trade this week, despite a high value whisky trade. The Rhone and the USA, on the other hand, both recorded an uptick in their trade shares, to 3.0% and 7.5% respectively.  #wine #finewine #bordeaux #burgundy #bourgogne #vins #vinfrançais #tuscany #toscana #piedmont #piemonte #rhone #usa #california #whisky #Piedmont

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WineCap's Q2 2024 Fine Wine report has been released. ⬇️ It has been a dynamic period for global equity markets and the fine wine industry. Despite economic growth and improved UK sentiment post-election, fine wine prices, particularly in Burgundy and Champagne, continued their gradual decline. However, Bordeaux back vintages saw increased demand following the En Primeur campaign. Château Leoville Las Cases 2016 emerged as the best performing wine in Q2. In other news, Sotheby's Burgundy auction set new records, and Marchesi Antinori's acquisition of Col Solare in Washington State highlighted strategic moves in the global wine market. Looking forward, the anticipation builds for the autumn La Place de Bordeaux campaign after a brief summer hiatus, promising renewed activity and investment opportunities in the fine wine sector. https://lnkd.in/dnNMh-R7 #FineWineMarket #Q2Report #FinwWineReport #WineIndustry #WineInvestment #InvestmentOpportunities

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Exploring the Dynamics and Strategies of New Zealand's Wine Industry in the UK Market. New Zealand's wine industry has experienced remarkable growth, propelled by its distinctive Sauvignon Blancs and diverse terroirs. The United Kingdom stands out as a pivotal market for New Zealand wine producers, offering a lucrative market with a rich appreciation for quality wines. We explore the current state of the New Zealand wine industry, focusing on its strategic importance to the UK market, and examine the strategies employed by New Zealand wine producers to thrive in this competitive landscape. The UK Market: A Strategic Hub for New Zealand Wine Producers The United Kingdom is one of the largest importers of New Zealand wines, with over 42 million liters imported in 2021. The average sales price per liter of still wine is £8.88 in the UK market; however, wines from New Zealand are priced at an average of £11.10 per liter, representing a £2.22 premium. Premiumization is one sure strategy. A representative of one contract winemaking collective in Marlborough said, “We’ve got to play in the £15 space and above, in some respects, and so we’ve got to tell the brand story. We’ve got to premiumise and have a point of difference. That’s where all those single vineyard pieces come from and how we’re making wines, what we’re making, the style we’re making. The US wines are $30 a bottle. So why can’t we do that [in the UK]?”  The UK's historical ties with New Zealand, coupled with its status as a global hub for wine trade, make it an attractive market for New Zealand wine producers. Furthermore, the UK's diverse and multicultural population provides a receptive audience for New Zealand wines, with consumers eager to explore new and exciting varieties. Check out the latest on London Wine Competition here. London Competitions New Zealand Trade and Enterprise New Zealand Wine #NZwine Babich Wines Ltd Craggy Range Vineyards Ltd Destiny Bay Wines Felton Road Wines Limited Dry River Wines Limited Seifried Estate Greer Williams Anna Seifried Babich Wines Ltd NZ Wineries New Zealand Wine Navigator Hawke's Bay Wine Fabian Yukich Chrissy Powlesland New Zealand Trade and Enterprise Wine Marlborough Ltd

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This is great news - not necessarily for those buying En Primeur 2023 but more for those actively buying wine as an investment and here's why: Last year was a disastrous En Primeur campaign. A real bloodbath and in my opinion is what contributed towards the market losing almost 15% because not only did the Bordeaux chateau's drag out the campaign they also bumped the prices up significantly which affected collectors confidence and in turn made the market seem like it was in a stratospheric pricing bubble hence the collapse. Bordeaux has and will forever likely continue to have the lion's share of the market, so naturally like any other investment market(s) when the big boys get hit the others take a beating too. Also, it is worthy of note that when last year's En Primeur campaign did end it was towards the end of July and that is traditionally when people across the world take their holidays, so the timing as well as pricing was awful. Now although 2023 will have some solid arguments as to why you should buy certain wines one thing is for sure - the prices of the new vintage will still cost more than the prices of BACK vintages of Bordeaux so there's more value in acquiring the undervalued & more classic vintage years as they've had more longevity on top of that the mature wines will either already be in their respective drinking windows or on the verge of entering their drinking window which only intensifies the demand of the wine(s) in question. Alternatively, with the likes of Tuscany producing some stellar vintage years recently, Napa becoming more and more rarer due to global climate changes being a problem, Champagne has the strong potential of being not able to make as many 'vintage' years as they would like as the world is becoming a more warmer place (and Champagne as we all know is best suited to cooler climate conditions) there IS more value to be had their, with the chances of investors making more money off of PROVEN, Mature & UNDERVALUED stock with BIG scores than they would investing into a brand new vintage year which will be a lot more expensive than what it should AND will take about 10-15-20 years to hit 'maturity' before the outlay spent can then be justified/repaid back. A pretty easy decision to make. Be wise. Remember, the older the wine is the better. Cheers! https://lnkd.in/gYPnURAZ

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Wine Marketing | Wine Communication - Today brands enjoy a direct route to consumers everywhere, across a wealth of digital channels, 24/7. This provides them with the ability to communicate in a more creative way, in a distinct tone of voice. And sure enough, many are turning out a huge amount of content, some of it pretty sophisticated. The danger for brands producing content today is that there’s so much of it. It’s hard to make yours stand out. Consumers’ attention spans have shortened, while there are also far more outlets competing for consumers’ attention If a brand develops its own clear tone of voice, it can convey real personality – and impact. #wine #wines #communication #pr #marketing #socialmedia #content #winemarketing Guy Woodward great article

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Here's the story on Forbes about the 'world's best wines according to top sommeliers, master sommeliers and wine directors. These wines are great for restaurants, they offer great value. If you are a sommelier: please check these wines and try them for your wine program. If you are a wine drinker: Please try and ask these wines to your sommelier when you visit your restaurant next. Sommeliers Choice Awards Forbes

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Time for Tequila but but will it be Going Going Gone for Gin ! Tequila and Gin, two equally deserving beverages, have ascended to become the top two contenders in their respective categories based on global volumes. While both categories exhibit growth in a somewhat indistinguishable manner, they vary significantly in their trajectories. The data suggests that Tequila might experience a more rapid surge compared to Gin, and one cannot ignore the factors contributing to this trend. Gin has established a presence in various countries and markets, exerting a significant influence on global sales, primarily in the UK and Spain. However, for brands to flourish and establish a strong foundation in the industry, it is essential to invest in critical markets such as the US that have lower profit margins but a promising outlook. The expansion of agave spirit volumes into other crucial markets can only happen when demand from the US reaches a halt. What distinguishes their paths to success is their reliance on different factors that directly affect sales. For instance, gin is driven by specific consumer preferences and maintains its categories and flavours without much experimentation while tequila offers consumers a diverse array of product types, including aged spirits. A majority of gin products remain un-aged and depend on innovation and various ingredients to convince consumers to make a purchase. This limitation suggests that future industry entrants should focus on creating a well-invented, creative range of products that cater to a diverse consumer base. Additionally, tequila's status as an aged spirit results in higher prices. Notably, with the US market's dominant role and tequila's prevalence, prices are influenced, pushing the agave spirit into the premium and ultra-premium price range. However, gin justifies its pricing by highlighting the need for aging to compete with high-end spirits. Over time, Tequila has evolved into a high-end sipping drink at sophisticated gatherings, associated with a polished and glamorous character that positions it as a highly regarded beverage. One significant distinction is that tequila's authenticity and production processes are not easily validated, giving it a sense of preserved luxury. In contrast, gin attracts attention due to its locally sourced ingredients and meticulous craftsmanship, but it can be produced anywhere globally, which diminishes its "special" element. It is evident that tequila will continue to outstrip gin in terms of growth nevertheless, tequila companies should diversify their presence by expanding into markets like the US and Mexico to generate momentum, while gin-based brands should prioritise investment in strategies and elements that make gin exceptional and distinguish it in the market. Suntory Global Spirits Gin Punch DIAGEO India Bacardi Glenfiddich

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Fine Wines | Bordeaux - The Bordeaux Legends 40 tracks the performance of a selection of 40 Bordeaux wines from exceptional older vintages (from 1989). In June, it rose 0.3%, the index’s first positive movement in a year.   Of the 40 components in the index, 23 saw their prices fall in June, while 3 remained flat and 14 rose.  #wine #wines #finewine #finewines #bordeaux #vins #vinsdebordeaux

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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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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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To all the LinkedIn Somms and F&B colleagues out there, what’s your view on this? Please Share your views/comments …whether you have been involved in such business decisions as it’s happened to me. #dealcoholisedwine #sommlife #winebusiness

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