When Robert & Peter started the XChateau Wine Business podcast, the idea was to try and build a community around the business of wine. Part of that has been engaging with our listeners, as well as our guests. While it has happened on an ad hoc basis, we w
When Robert & Peter started the XChateau Wine Business podcast, the idea was to try and build a community around the business of wine. Part of that has been engaging with our listeners, as well as our guests. While it has happened on an ad hoc basis, we wanted to do it more proactively for our 50th Episode / One Year Anniversary. We recorded our 50th episode live on Clubhouse to have a broader interaction with former guests (Juliana Colangelo, Lauren McPhate, and Maureen Downey), other guest partners (Barb Tyree from Repour and Tess Roche from WineBid) as well as listeners. We covered topics around the current status of re-opening in the US, an update on the fine wine market, favorite episodes, and ideas for future episodes. Listen in and let us know what you think!
This episode is sponsored by Sonoma State University’s Wine Executive MBA program. A 17-month, transformative program that builds leadership skills and business acumen focused on the specific needs of the world of wine. Learn more about SSU’s Wine MBA programs here. If this is something you’re considering, the next Global Wine Executive MBA session’s enrollment deadline is June 30, 2021, for courses starting in October!!
Special Announcement: Repour, one of our sponsors, has also created a special discount for XChateau listeners through May 21, 2021. Use the code: XChateau on the Repour website and get 20% off for both retail and wholesale orders! If you haven’t heard of Repour, find out all about it in Episode 24, where CEO Tom Lutz gives us all the details.
Detailed Show Notes:
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- This episode was recorded live on May 4, 2021, on the Clubhouse platform
- US Covid business updates and trends
- Lots of open jobs right now, especially in hospitality, the US is recovering from Covid quickly
- Juliana Colangelo (Colangelo & Partners) - returning to normal media relations, going through a transition period with both in-person and virtual; a client is hiring a virtual tasting room manager, there will still be demand for virtual events
- Barb Tyree (Repour) - restaurants are coming back online quickly
- Nadine Brown (sommelier in DC) - retailers did well in DC during Covid, huge staffing issue in DC
- Fine Wine Market update
- Lauren McPhate (Tribeca Wine Merchants) - in fine wine, people are still more adventurous with their purchases, buying new regions; the store in NYC re-opened a couple weeks ago; tariffs removed from Europe leading to buying again from Europe, but shipping is the big issue currently
- Maureen Downey (Chai Consulting) - wine collectors have drained their cellars, tariffs haven’t impacted buying at the very high end; Italian wines are trending, increased sale of counterfeits (e.g., Acker sold a counterfeit bottle of whiskey)
- Juliana Colangelo - more wineries selling back vintages from their library
- Tess Roche (WineBid) - continuing to see lots of new wine buyers on WineBid, increase of younger buyers purchasing, more mobile orders, increase in unique wines that haven’t had much auction activity in the past
- Maureen Downey - fine wine has always been bought site unseen, so online is “normal,” but people who would have bought in the grocery store before have moved online
- Favorite episodes
- Future episode ideas
- Roundtable discussion on global wine trends
- Consumer-oriented brands discussing what’s working well for younger generations
- Bulk wines
- Wine buying journey of wine collectors
- Career transitions into wine
- Scoring publications and impact
- Personalization/customization of wine buying
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