I was roaming around lately and looking wine/spirits group etc... I notice wine companies in NZ being hit by losses and a lot in California also getting hammered. My feeling once they start collapsing globally there might be either consolidation or partial shrinkage of the industry.
NZ: New Zealand Wine Co warns on profits: Beverage news & analysis
Oyster Bay warning highlights challenges for wine industry - Oyster Bay Marlborough Vineyards - NZ Herald News
Chardonnayfication: how the New Zealand wine boom lost its sparkle - and what we're drinking today | Mail Online
(this one is the best)
The interesting article on Oyster Bay is somewhat peculiar since the actual trademark is owned by their parent Delegat's and those sales have gone very well. Between the two of them they owe about 160 mil in debt long term and if sales collapse and the interest rates go up they are skrwd.
Trouble In The California Vineyards | iStockAnalyst.com
(30+ vinyards for sale in Cali and some are going very close to bust later on)
NZ: New Zealand Wine Co warns on profits: Beverage news & analysis
Oyster Bay warning highlights challenges for wine industry - Oyster Bay Marlborough Vineyards - NZ Herald News
Chardonnayfication: how the New Zealand wine boom lost its sparkle - and what we're drinking today | Mail Online
(this one is the best)
Chardonnayfication: how the New Zealand wine boom lost its sparkle - and what we're drinking today
By NADENE GHOURI in New Zealand
(Or the sobering tale of how New Zealand's helicopter-warmed Sauvignon Blanc liquid gold rush went to its head)
By NADENE GHOURI in New Zealand
(Or the sobering tale of how New Zealand's helicopter-warmed Sauvignon Blanc liquid gold rush went to its head)
No one gave a thought as to what might happen if their river of gold ran dry. As British consumers' thirst for Marlborough Sauvignon grew, land dismissed as unsuitable for grape production as little as five years earlier was covered with new vines. The amount of grapes produced increased 12-fold, from 15,472 tons a year a decade ago to 177,647 tons today; Sauvignon Blanc now makes up 80 per cent of New Zealand's wine exports - it's a half-a-billion-pound industry.
And as competition grew, so production methods became ever more outlandish and expensive. The helicopters began to be hired, hovering for up to five hours on end to keep the frost off, and fixed, noisy, artificial wind machines - which look like oversized fans and work like giant hairdryers - were built.
And as competition grew, so production methods became ever more outlandish and expensive. The helicopters began to be hired, hovering for up to five hours on end to keep the frost off, and fixed, noisy, artificial wind machines - which look like oversized fans and work like giant hairdryers - were built.
The interesting article on Oyster Bay is somewhat peculiar since the actual trademark is owned by their parent Delegat's and those sales have gone very well. Between the two of them they owe about 160 mil in debt long term and if sales collapse and the interest rates go up they are skrwd.
Trouble In The California Vineyards | iStockAnalyst.com
(30+ vinyards for sale in Cali and some are going very close to bust later on)
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