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Now more women and younger consumers are entering the once rarified air of fine wine collecting, where the majority of participants are high net worth individuals with at least $1 million in liquid financial assets, and spend an average of $75 per bottle and higher.

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May 04, 2021 Santiago, Chile --Viña Concha y Toro announced consolidated financial results of the first quarter of 2021, with important growth in sales, EBITDA and net profit, as well as an expansion in its margins. Consolidated revenue increased 8.2% in the quarter, driven by an overall volume growth of 10.8% and mix improvement, which translated into higher average prices. As such, EBITDA margin expanded 310 basis points. Largely reflecting these solid operating figures, net profit grew 87.3%. Eduardo Guilisasti, CEO of Viña Concha y Toro, highlighted: “We are very satisfied to p...

Decanter Underwater wine ageing: Why are wineries doing it?   Submerging wines in oceans and lakes may not be to everyone’s taste, but why are proponents doing it and what do they say about the effect on flavour? Underwater wine ageing: A niche trend Underwater wine ageing has developed as a niche trend that has spread around the world – even if US regulators raised questions about the practice in 2015.   While some may view it as a marketing move, many participants say they are keen to experiment with ageing in a new environment in nature and that there is evidence ...

Does wine lose its spirit when the alcohol is removed? 16 Mar, 2021 06:00 AM 8 minutes to read New York Times By: Eric Asimov Non-alcoholic wines fill a need for the sober and occasionally abstinent, and the new generation of alcohol-free wines is promising. Wine is hard to imagine without the alcohol. It's integral to its texture, flavour, complexity and, of course, the buzz. Yet interest in alcohol-free wine has grown rapidly over the past couple of years. According to Nielsen data, retail sales of non-alcoholic wines in the United States shot upward during the year ending...