Tag: Silicon Valley Bank
The SVB State of the Wine Industry Report Videocast — Part...
Rob McMillan, EVP and Founder of Silicon Valley Bank’s Premium Wine Division, and a panel of experts discuss the current acute oversupply of grapes,...
Afternoon Brief, October 24
Fast-Moving Wildfire Ignites in Northern California Wine Country, Prompting Evacuations: A fast-moving wildfire aided by powerful winds in Northern California's wine country has prompted mandatory evacuation orders in Geyserville, an area of Sonoma County 75 miles north of San Francisco. The Kincade Fire had spread to 10,000 acres just over 15 square miles by early Thursday, with no containment, according to the California Department of Forestry and Fire Protection..
Afternoon Brief, October 18
From Tariffs to Cannabis, Napa Valley Vintners Take on New Challenges: Formed 75 years ago this month, the Napa Valley Vintners (NVV) trade group now includes 550 wineries representing 99% of Napa Valley wine production. Totaling about 9 million cases annually, Napa Valley accounts for only about 4% of California's production, but it remains the most prestigious growing region in North America and the calling card for American wines around the world...
Afternoon Brief, September 11
Why X Marks the Spot for Selling Wine - Generation X, the most infamously pilloried and self-deprecating population cohort the world has known since it started naming generations, may finally get its due ...
Afternoon Brief, May 28
Purple Wine + Spirits Seeks Sizable Change to West Sonoma County Winery: At a time when a number of North Coast vintners have been trying to get permission to expand how much wine they can produce, Purple Wine + Spirits wants to dramatically reduce the number of bottles and trucks that roll out of its large west Sonoma County winery...
Afternoon Brief, April 29
Turning a Critical Eye on Wine Critics: One of the frequent digs made in the Cabernet-infused cock pit of the bad old days (the Robert Parker bulletin board in the mid-noughties) was that, while the likes of Decanter magazine and certain wine competitions were all very well, their group tasting approach could smother the individual greatness of certain wines and the individual insights that came with the lone star approach...
Afternoon Brief, March 4
Napa Valley Vintner John R. Shafer Dies at Age 94: The Shafer family is deeply saddened to announce the death of their father, longtime vintner, philanthropist and winery founder, John Shafer on March 2, 2019...
Afternoon Brief, March 1
Gallo to Pay Civil Penalty, Make Safety Improvements to Winery: In a settlement with the U.S. Environmental Protection Agency, E.&.J. Gallo Winery will pay a $58,000 civil penalty and make improvements to address the risk of chemical accidents at its wine production facility in Fresno ...
Afternoon Brief, February 19
Excess California Coastal Wine, Grapes Open New-Brand Opportunities, Heighten Marketing Expense: How big the 2018 North Coast wine grape harvest now won't be known for a couple more months, but it's become increasingly clear that banking the emerging wine business cycle will take different or revived tactics after years of steady consumer sales growth...
Afternoon Brief, January 22
Supreme Court's Wine-Regulation Case Focuses on Protectionism:
Afternoon Brief, January 16
Millennials Still Missing as Fine-Wine Core Consumers, Says Silicon Valley Bank Report: Sales growth for U.S. wine is expected to remain in positive territory this year - better, for premium producers - but the industry needs to revamp its appeal to the next generations of core consumers else lose share of wallet to competing beverages and imported wines, according to a closely watched industry report released Wednesday evening...
Afternoon Brief, January 2
The Hispanic Consumer Is Key to the Future of the Wine Industry: The growth of the Latino population in the United States is well documented and we know that it will continue to expand. This reality will provide opportunities for growth for many industries, notably in the food and beverage sector ...
Afternoon Brief, November 1
Joe Wagner Responds to Copper Cane Controversy: Copper Cane founder Joe Wagner has largely stayed quiet and out of the press as controversy swirls around his using of Oregon place names on his wines. In early October, he agreed to a lengthy phone interview with Oregon Wine Press; what follows are excerpts from that conversation...
Afternoon Brief, October 19
As North Coast Grape Harvest Nears End, Wine Industry Frets About Oversupply: As he walked around a cabernet sauvignon vineyard along a hilly stretch just west of Lake Sonoma this week, Clay Mauritson couldn't help but be bullish about his 2018 grape vintage...
Afternoon Brief, October 15
Wine Supply Is Hitting a Tipping Point: I've been pointing out the slowdown in the growth rate of consumer demand by volume for some time now. We are still growing, but the growth rate is slowing, particularly when looking at volume...
