An interview in Shanken’s News Daily this week David Townsend, the CEO of Vintner Group, which has been on an acquisition tear, included some interesting insights. [level-members]
Townsend sees a strong market with growth most notable in wines at $15 and above.
He notes that Millenials – younger wine drinkers – are showing a great deal of interest in newer wine producing areas.
France and Argentina have been strong for the company as well, as has growth in Spain. Chile has also bounced back for them, particularly on the high end.
Overall, the feeling is that “the consumer is developing a more global view of wine, and they’re moving back upmarket.”
Good news for all of us.
(Vintner Group’s biggest markets are New York, Florida, Georgia and Virginia.)