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Started By
Message
re: 15th largest producer of wine in US--Vintage Wine Estate files for bankruptcy
Posted on 8/29/24 at 8:21 am to Geauxdaddy88
Posted on 8/29/24 at 8:21 am to Geauxdaddy88
quote:
But the wine and beer business is declining. The hard liquor category is growing but not enough to offset the losses from the other two. One reason we are seeing more and more celebrities backing liquor companies.
Everything is cyclical, but yeah they are all worried right now.
Gen Z is either not drinking at all, consuming weed products, or just going straight to liquor/cocktails. Millennials aren't much better.
Weed is kicking the shite out of the alcohol industry with younger consumers
1
Posted on 8/29/24 at 8:44 am to Paul Allen
quote:
I know beer sales have plummeted and breweries have been shutting down but I didn’t know that was the case with wine and wineries.
Maybe people have really cut back on all types of alcohol consumption?
Breweries are just oversaturated and full of people that either understand brewing or understand business... Not both. Charging people 8 dollars for a 12 oz glass of Blonde is just not a winning strategy.
Posted on 8/29/24 at 11:52 am to Stamps74
quote:
Wonder why nobody bought it
A number of concerns are interested in the various locations. I doubt any one will buy all. SH bids and qualified bids are due today. 363 sale is scheduled for 9/10 for any locations with multiple bids.
Posted on 8/29/24 at 12:07 pm to MrLSU
quote:
Clos Pegase
Wow, there's a name I haven't heard in a while. They used to make very nice wines. Haven't kept up with them so I don't know what they're like now
BR Cohn, Girard, Kunde Family,.. these were nice wines also. Sad to see them fold.
Posted on 8/29/24 at 12:07 pm to L.A.
Where’s your top 100 list that you used to post regularly on here?
Posted on 8/29/24 at 12:40 pm to Paul Allen
quote:
Where’s your top 100 list that you used to post regularly on here?
I moved to the Mojave Desert in Nevada 4 years ago and my access to wines is more limited now. We have two grocery stores and one wine shop in town, and it's hit and miss as to whether or not the wines I buy from them will be heat damaged or not. And the state of Nevada has a policy prohibiting returning wines once they've been opened. I tried having wines shipped to me for a while, but every shipment was heat damaged, including a shipment for almost $900 of wine from Saxum in Paso Robles that arrived in February of last year. Every bottle was heat damaged.
All of which is to say that the wines I'm drinking these days probably would not be of interest to most wine enthusiasts
Posted on 8/29/24 at 12:59 pm to MrLSU
All in the name of climate change I hope 
Posted on 8/29/24 at 1:01 pm to Paul Allen
quote:
Where’s your top 100 list that you used to post regularly on here?
Where is yours?
Sidenote, I find it utterly disgusting the way you and Bruce bastardized the term cork taint.
This post was edited on 8/29/24 at 1:02 pm
Posted on 8/29/24 at 1:16 pm to Fun Bunch
quote:
Gen Z is either not drinking at all, consuming weed products, or just going straight to liquor/cocktails. Millennials aren't much better.
Weed is kicking the shite out of the alcohol industry with younger consumers
Weed, IPAs, and whiskey are all better bang for buck on the intoxicate-to-spend ratio than wine.
Posted on 8/29/24 at 1:19 pm to Dire Wolf
Wine continues to market towards boomers, and has put themselves in a box by marketing for years as a luxury product instead of something you drink regularly or for fun
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