The Five Top Wine Stocks to Consider in 2022 June 23, 2022 - Baystreet.ca Fine wines could see another healthy year. According to Fortune Business, the global wine market was worth $339.53 billion in 2020. It’s expected to grow to $456.76 billion by 2029. Also, according to the CAIA Association, “Our outlook from a year ago noted fine wine’s greater growth potential in 2021, and the market did not disappoint. The Liv-ex 1000 index, the widest measure of the market, gained 19.08% in 2021. We think fine wine holds plenty more performance potential as we head into 2022. Historically, fine wine’s growth periods have lasted much longer than the current rally.” That could be beneficial for top wine companies, such as Gaucho Group Holdings Inc. (NASDAQ: VINO), LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY), Vintage Wine Estates (NASDAQ: VWE), Constellation Brands (NYSE: STZ), and Brown-Forman Corp. (NYSE: BFB). Look at Gaucho Group Holdings Inc. (NASDAQ: VINO), For Example Gaucho Group Holdings, Inc. (NASDAQ: VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories, today announced that its luxury vineyard development project, Algodon Wine Estates, has received Electrical Masterplan approval by Edemsa. Algodon Wine Estates is a 4,138-acre wine, wellness, culinary and sport resort and luxury residential development, in San Rafael, Mendoza, Argentina. Edemsa (Empresa Distribuidora de Electricidad Mendoza S.A.) is an electric power distribution company serving 11 departments in the Argentine province of Mendoza. The firm provides services to over 400,000 clients, mainly residential. It operates a 940km high voltage network, a 7,815km medium voltage network and close to 17,000km low voltage network. As previously announced, this stage of the masterplan was designed by the architectural planning and design firm EDSA, whose work spans more than 5,000 projects in over 100 countries. EDSA’s vision for Algodon Wine Estates includes further building upon the estate’s award-winning vineyard development by emphasizing the existing winery and 1946 vines, the local Mendocino culture, as well as the estate’s existing terrain, amenities, and features. The masterplan includes development of an additional 200 lots, ranging in size from 2.47 acres to 12 acres. The company anticipates sales of these additional lots could ultimately generate more than $100 million in revenues. The centerpiece of the masterplan is an ultra-luxury 80-room hotel, that will also include 40-60 residences, for which Algodon Wine Estates seeks to co-develop with a world class luxury hospitality brand. The revenue potential from the hotel rooms and branded residences could generate an additional $25 million per year. The expanded masterplan includes a 27-hole championship-style golf course, championship-style tennis facilities, centralized village center and sports club, and an equestrian facility that will include a horse riding and training center. Additional highlights from the plan include an organic farming area, as well as organic fruit orchards, a boutique distillery, organic/seasonal restaurants, lavender and rose gardens, as well as various hiking, mountain biking, and walking trails that connect the social and residential areas throughout the estate. “This is a great step forward in our endeavors toward the expansion of Algodon Wine Estates,” said Scott Mathis, Chief Executive Officer of Gaucho Group Holdings, Inc. “We now expect to further define the electrical development plan for each area, including our forthcoming Luxury Hotel & Residences, and also approximately 45 new Village Lots, or possible more. We anticipate preparing the plan with our engineers over the next 3 to 6 months.” Other related developments from around the markets include: LVMH Moet Hennessy Louis Vuitton just noted, “Moët Hennessy is delighted to announce the renaissance of Château Galoupet, the first Cru Classé de Provence in its prestigious portfolio. Château Galoupet’s vision is to create exemplary wine expressions of the unique Provence terroir in the most respectful way to the environment, from ground to glass.” Vintage Wine Estates reported its financial results for its third quarter fiscal year 2022 ended March 31, 2022. Results include Vinesse, LLC acquired on October 4, 2021, ACE Cider, acquired on November 16, 2021, and Meier's Wine Cellars, Inc. acquired on January 18, 2022. Pat Roney, Founder and Chief Executive Officer, commented, “We overdelivered on the quarter with revenue up 68%, or $32.0 million. Organic growth was 44% and was the result of strong execution while acquisitions contributed $11.4 million in revenue. Our DTC channel is a hallmark of Vintage Wine Estates and continues to validate the success of our omnichannel strategy by reaching the consumer through multiple touch points. Our tasting room traffic is outperforming as more people are exploring new entertainment options and we deliver a great experience. Importantly, this activity has not cannibalized our ecommerce traffic, which has held relatively stable. The acquisition of Meier's at the beginning of the quarter drove our B2B results, as well as our ability to deliver for our customers' private label programs. We are ecstatic about the continued success of our Bar Dog brand, but equally excited regarding the strong market appeal for our Firesteed, Photograph and Clos Pegase brands, as well. We believe that, similar to our omnichannel marketing strategy, a multibrand portfolio will help drive our growth." Constellation Brands, a leading beverage alcohol company, announced it will report financial results for its first quarter ended May 31, 2022, on Thursday, June 30, 2022, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, June 30, 2022. Brown-Forman Corp. and The Coca-Cola Company announced a global relationship to debut the iconic Jack & Coke cocktail as a branded, ready-to-drink (RTD) pre-mixed cocktail option. Jack Daniel’s & Coca-Cola RTD, inspired by the classic bar cocktail, will be made with Jack Daniel’s Tennessee Whiskey and Coca-Cola. The beverage will be available in markets around the world, with initial launch planned for Mexico in late 2022. “This relationship brings together two classic American icons to deliver consumers a taste experience they love in a way that is consistent, convenient, and portable,” said Lawson Whiting, CEO and President of Brown-Forman Corporation. “Brown-Forman has been a leader in the ready-to-drink category since we launched our first Jack Daniel’s RTD more than 30 years ago. Coca-Cola perfectly complements Jack Daniel’s and our existing RTD offerings, enabling us to accelerate expansion and continue to grow our business around the world.” Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Gaucho Group Holdings Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Gaucho Group Holdings Inc. Please click here for disclaimer. Contact Information: 2818047972 [email protected]
The Five Top Wine Stocks to Consider in 2022 June 23, 2022 - Baystreet.ca Fine wines could see another healthy year. According to Fortune Business, the global wine market was worth $339.53 billion in 2020. It’s expected to grow to $456.76 billion by 2029. Also, according to the CAIA Association, “Our outlook from a year ago noted fine wine’s greater growth potential in 2021, and the market did not disappoint. The Liv-ex 1000 index, the widest measure of the market, gained 19.08% in 2021. We think fine wine holds plenty more performance potential as we head into 2022. Historically, fine wine’s growth periods have lasted much longer than the current rally.” That could be beneficial for top wine companies, such as Gaucho Group Holdings Inc. (NASDAQ: VINO), LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY), Vintage Wine Estates (NASDAQ: VWE), Constellation Brands (NYSE: STZ), and Brown-Forman Corp. (NYSE: BFB). Look at Gaucho Group Holdings Inc. (NASDAQ: VINO), For Example Gaucho Group Holdings, Inc. (NASDAQ: VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories, today announced that its luxury vineyard development project, Algodon Wine Estates, has received Electrical Masterplan approval by Edemsa. Algodon Wine Estates is a 4,138-acre wine, wellness, culinary and sport resort and luxury residential development, in San Rafael, Mendoza, Argentina. Edemsa (Empresa Distribuidora de Electricidad Mendoza S.A.) is an electric power distribution company serving 11 departments in the Argentine province of Mendoza. The firm provides services to over 400,000 clients, mainly residential. It operates a 940km high voltage network, a 7,815km medium voltage network and close to 17,000km low voltage network. As previously announced, this stage of the masterplan was designed by the architectural planning and design firm EDSA, whose work spans more than 5,000 projects in over 100 countries. EDSA’s vision for Algodon Wine Estates includes further building upon the estate’s award-winning vineyard development by emphasizing the existing winery and 1946 vines, the local Mendocino culture, as well as the estate’s existing terrain, amenities, and features. The masterplan includes development of an additional 200 lots, ranging in size from 2.47 acres to 12 acres. The company anticipates sales of these additional lots could ultimately generate more than $100 million in revenues. The centerpiece of the masterplan is an ultra-luxury 80-room hotel, that will also include 40-60 residences, for which Algodon Wine Estates seeks to co-develop with a world class luxury hospitality brand. The revenue potential from the hotel rooms and branded residences could generate an additional $25 million per year. The expanded masterplan includes a 27-hole championship-style golf course, championship-style tennis facilities, centralized village center and sports club, and an equestrian facility that will include a horse riding and training center. Additional highlights from the plan include an organic farming area, as well as organic fruit orchards, a boutique distillery, organic/seasonal restaurants, lavender and rose gardens, as well as various hiking, mountain biking, and walking trails that connect the social and residential areas throughout the estate. “This is a great step forward in our endeavors toward the expansion of Algodon Wine Estates,” said Scott Mathis, Chief Executive Officer of Gaucho Group Holdings, Inc. “We now expect to further define the electrical development plan for each area, including our forthcoming Luxury Hotel & Residences, and also approximately 45 new Village Lots, or possible more. We anticipate preparing the plan with our engineers over the next 3 to 6 months.” Other related developments from around the markets include: LVMH Moet Hennessy Louis Vuitton just noted, “Moët Hennessy is delighted to announce the renaissance of Château Galoupet, the first Cru Classé de Provence in its prestigious portfolio. Château Galoupet’s vision is to create exemplary wine expressions of the unique Provence terroir in the most respectful way to the environment, from ground to glass.” Vintage Wine Estates reported its financial results for its third quarter fiscal year 2022 ended March 31, 2022. Results include Vinesse, LLC acquired on October 4, 2021, ACE Cider, acquired on November 16, 2021, and Meier's Wine Cellars, Inc. acquired on January 18, 2022. Pat Roney, Founder and Chief Executive Officer, commented, “We overdelivered on the quarter with revenue up 68%, or $32.0 million. Organic growth was 44% and was the result of strong execution while acquisitions contributed $11.4 million in revenue. Our DTC channel is a hallmark of Vintage Wine Estates and continues to validate the success of our omnichannel strategy by reaching the consumer through multiple touch points. Our tasting room traffic is outperforming as more people are exploring new entertainment options and we deliver a great experience. Importantly, this activity has not cannibalized our ecommerce traffic, which has held relatively stable. The acquisition of Meier's at the beginning of the quarter drove our B2B results, as well as our ability to deliver for our customers' private label programs. We are ecstatic about the continued success of our Bar Dog brand, but equally excited regarding the strong market appeal for our Firesteed, Photograph and Clos Pegase brands, as well. We believe that, similar to our omnichannel marketing strategy, a multibrand portfolio will help drive our growth." Constellation Brands, a leading beverage alcohol company, announced it will report financial results for its first quarter ended May 31, 2022, on Thursday, June 30, 2022, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, June 30, 2022. Brown-Forman Corp. and The Coca-Cola Company announced a global relationship to debut the iconic Jack & Coke cocktail as a branded, ready-to-drink (RTD) pre-mixed cocktail option. Jack Daniel’s & Coca-Cola RTD, inspired by the classic bar cocktail, will be made with Jack Daniel’s Tennessee Whiskey and Coca-Cola. The beverage will be available in markets around the world, with initial launch planned for Mexico in late 2022. “This relationship brings together two classic American icons to deliver consumers a taste experience they love in a way that is consistent, convenient, and portable,” said Lawson Whiting, CEO and President of Brown-Forman Corporation. “Brown-Forman has been a leader in the ready-to-drink category since we launched our first Jack Daniel’s RTD more than 30 years ago. Coca-Cola perfectly complements Jack Daniel’s and our existing RTD offerings, enabling us to accelerate expansion and continue to grow our business around the world.” Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Gaucho Group Holdings Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Gaucho Group Holdings Inc. Please click here for disclaimer. Contact Information: 2818047972 [email protected]