Napa, California | March 8, 2021 – Adam Lapierre, president at Vinfolio, one of the country’s leading fine-wine companies, released the following statement after the European Union and the United States announced the mutual four-month suspension of tariffs related to the World Trade Organization (WTO) Aircraft disputes, including those on select European wines.
“We are thrilled to hear the news that the U.S. and the EU announced Friday. This is a huge relief to the wine industry and related sectors that were caught in the crossfire of a dispute related to a completely different business category. We are hopeful that a permanent resolution to this dispute will be found in the near future. We are incredibly thankful to our customers for their loyalty to Vinfolio and the industry during this time of uncertainty and are looking forward to continuing to source the unique and supremely age-worthy wines of the EU for many years to come.”
Vinfolio transforms how the fine wine community buys, sells, manages, and enjoys fine wine with advanced cellar management technology, fine wine storage facilities, and a direct-to-consumer ecommerce platform. Combined, these systems empower the fine wine enthusiast to acquire highly collectible wine directly from producers, purchase and sell wine from Vinfolio’s collector marketplace, stay on top of every bottle in their cellar, and engage with other fine wine collectors, industry influencers, and winemakers—all in one seamless experience.
Vinfolio is majority-owned by Executive Chairman Don St. Pierre Jr. and his business partner and good friend Allan Warburg, co-founder and co-CEO of Bestseller Fashion Group China. St. Pierre is the recipient of numerous wine industry accolades, including being named number seven on Decanter magazine’s 2011 Top 50 global wine industry power players and selected by Wine Enthusiast Magazine as the 2011 International Man of the Year. In 2012, the French government awarded St. Pierre Jr. the degree of Knight in the French Ordre du Mérite Agricole, and in 2015, he was appointed as a member of the supervisory board of Vinexpo Overseas. Vinfolio’s ownership also includes Jean-Michel Valette, who chairs the Education and Examination Board (EEB) of the Institute of Masters of Wine and is former chairman of Robert Mondavi Corporation and Peet’s Coffee, Jon Moramarco, former CEO of Constellation Brands, and Steve Case, founder of AOL and co-founder at venture capital firm Revolution.