tag:blogger.com,1999:blog-941731830705031230.post4747838095121041624..comments2024-03-25T02:53:48.654-07:00Comments on SVB on Wine: Is 7%-11% growth in US Fine Wine disappointing?Rob McMillan rmcmillan@svb.comhttp://www.blogger.com/profile/12396624790174552807noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-941731830705031230.post-7817458182629816322012-07-14T16:23:30.384-07:002012-07-14T16:23:30.384-07:00Rich -
Thanks for the comments. We are importing m...Rich -<br />Thanks for the comments. We are importing more foreign wine already, up substantially according to Gomberg Fredrikson, but not bottled wines. The increase is from imported bulk wines that go into lower priced domestic and foreign labels. Foie Gras? Can't see how that will impact anything except limiting my choice of food in a nice restaurant.Rob McMillan rmcmillan@svb.comhttps://www.blogger.com/profile/12396624790174552807noreply@blogger.comtag:blogger.com,1999:blog-941731830705031230.post-72668439367761233832012-07-14T03:38:57.047-07:002012-07-14T03:38:57.047-07:00Are we going to have a shortage of grapes domestic...Are we going to have a shortage of grapes domestically? Will we be importing more wine from Spain, Italy, and Portugal if retaliation breaks out between France and California over Foie Gras and Wine?<br />Whose ox is gored worse?<br /><br />@VineBuzzRich Readerhttps://www.blogger.com/profile/14475220260985252978noreply@blogger.comtag:blogger.com,1999:blog-941731830705031230.post-51365889179999469042012-07-13T16:04:27.146-07:002012-07-13T16:04:27.146-07:00Thanks for the comments Mark. Stay tuned for the S...Thanks for the comments Mark. Stay tuned for the Sunday release of the SVBonWine blog where I talk about the harvest and Q4 expectations.Rob McMillan rmcmillan@svb.comhttps://www.blogger.com/profile/12396624790174552807noreply@blogger.comtag:blogger.com,1999:blog-941731830705031230.post-88700154461411409352012-07-13T06:02:03.687-07:002012-07-13T06:02:03.687-07:00Rob...love the shot of you & Diamond Head (liv...Rob...love the shot of you & Diamond Head (lived in Honolulu for 7 years).<br /><br />Great commentary on the world economic situation. As you seem to be writing this more for the consumer I would say that they have something special to look forward to...wine consumption in Europe is down and many producers from there are looking for opportunities..the weakening Euro will make many of their wines less expensive and should provide new opportunities for consumers to enjoy price-friendly non-American wines.<br /><br />For those who work for American wineries and are reading this I would add a "look out"...many of these people are pulling out all the stops (i.e. when they can't find importers they are forming their own import businesses). There is upward price pressure even though early reports are for an excellent yield in this year's harvest..the spot market and bulk juice is causing changes as many of us have read elsewhere..it will be an interesting 4th quarter...better dusk off your best business plan for maintaining market share and get to work.Mark Normanhttp://www.linkedin.com/in/marktnormannoreply@blogger.com