Republic National Distributing Company’s Post

Building strong commercial partnerships and mastering negotiations are key in the wine business. These relationships foster trust, open doors to new markets, and ensure the smooth flow of premium wines from vineyard to glass. Successful negotiations pave the way for mutual growth and innovation. Cheers to collaboration and strategic alliances in the world of wine! 🍷🤝 #WineBusiness #Partnerships #Negotiation #Growth #Collaboration

The bulk wine sector has remained difficult since our last coverage a year ago, with an uptick in the volumes of bulk wine listed for sale in every region. For example, Turrentine Brokerage, which had 19 million gallons for sale statewide at last year’s second quarter end, reported an increase to 24 million gallons of actively listed bulk wine by February 2024. This rise is mainly due to the surplus of older vintage bulk wines, which persists due to stagnant demand. More insights can be found in the latest Hilco Global Smarter Perspective: https://lnkd.in/eb49ssNm #Wine #BulkWine #LenderConsiderations #HilcoGlobal

The bulk wine sector has remained difficult since our last coverage a year ago, with an uptick in the volumes of bulk wine listed for sale in every region. For example, Turrentine Brokerage, which had 19 million gallons for sale statewide at last year’s second quarter end, reported an increase to 24 million gallons of actively listed bulk wine by February 2024. This rise is mainly due to the surplus of older vintage bulk wines, which persists due to stagnant demand. More insights can be found in the latest Hilco Global Smarter Perspective: https://lnkd.in/ghvHnN2e #Wine #BulkWine #LenderConsiderations #HilcoGlobal

The adaption of new engagement models and alignment with familiar importers appear to be a theme in 2024! After working with @thirdleafwines the past three years and appreciation for @europeancellars selective portfolio, does this in turn confirm a full transition to @RNDC at the national level? So many moving wines, so few distribution options. Wishing all parties a successful collaboration! Those entrepreneurial passionate wine personalities looking to make an impact, small to midsize distribution needs new energy. #winemerge #winealignement #winedistribution #winesales

Market Watch Magazine unveiled its annual list of “Hot Brands” award winners, recognizing the fastest-growing brands across the wine, spirits, and RTD categories. Tequila and whiskey dominate the spirits field, making up 80% of this year's Hot Brands roster. Tequilas like Don Julio, Lunazul, Teremana, Milagro, and Espolón stand out, alongside American whiskeys such as Woodford Reserve, Ole Smoky, Buffalo Trace, and Old Forester. Tito’s vodka leads with over 12 million cases, followed by Aperol and 99 whiskey. In the ready-to-drink category, 20 brands earned Hot Brand status, with High Noon Sun Sips topping the list. California table wines dominate, with Josh Cellars leading the pack, followed by brands like Vendange and La Marca Prosecco from Italy. 🔗 Read the full list >> https://lnkd.in/dficTbDT #LiquorLawyer #Entrepreneurship #LegalServices #Law #DrinksIndustry #Regulations #AlcoholCompliance #WineIndustryAdvisor #AlcoholIndustryAdvisor #BeverageIndustry #SpiritsIndustry #AlcoholIndustry #MarketWatch #HotBrands #WineAndSpirits

📢 We are very excited to announce that the third edition of the industry's most comprehensive wine DTC Annual Report is now available to download! Created in partnership with Enolytics, we examine the challenges and uncertainties that 2023 brought us, and provide valuable insights into strategies that can drive growth in 2024 and beyond. https://hubs.ly/Q02lgnhs0 #WineDirect #DTCImpactReport #2023

The bulk wine sector has remained difficult since our last coverage a year ago, with an uptick in the volumes of bulk wine listed for sale in every region. For example, Turrentine Brokerage, which had 19 million gallons for sale statewide at last year’s second quarter end, reported an increase to 24 million gallons of actively listed bulk wine by February 2024. This rise is mainly due to the surplus of older vintage bulk wines, which persists due to stagnant demand. More insights can be found in the latest Hilco Global Smarter Perspective: https://lnkd.in/dJkxsdVx #Wine #BulkWine #LenderConsiderations #HilcoGlobal

Persistent difficulties have characterized the bulk wine market since our preceding analysis a year back, with an ongoing rise in the availability of bulk wine for sale throughout numerous regions. For instance, the volume of bulk wine Turrentine Brokerage had on offer statewide surged from 19 million gallons at the end of the second quarter of the previous year to 24 million gallons by February 2024. This growing inventory, particularly of older vintage wines, reflects the sustained low demand in the sector. Explore more on this in the latest Hilco Global Smarter Perspective: https://lnkd.in/gTYHCJun #Wine #BulkWine #LenderConsiderations #HilcoGlobal

If you’re interested in the spirits industry and its future, you’ll find this Just Drinks interview with Pete Marino, new President of The Bardstown Bourbon Company, particularly enlightening. Marino shares his insights on the company’s growth trajectory, their commitment to quality whiskey production, and their innovative business model. It’s a must-read for anyone curious about the evolving landscape of bourbon and spirits. Dive into the full article to discover how The Bardstown Bourbon Company. is shaping the future of this beloved industry. 🥃 Read more below ⬇ https://lnkd.in/eNXCKRS2

This year’s Silicon Valley Bank DTC report highlights how saturated the wine market has become- "…more wineries vying for consumer attention, standing out in a crowded marketplace has become increasingly difficult.” No surprise to anyone close to the business. The report goes on to state, “Being different isn’t enough. Understanding your brand and adapting it to evolving preferences will bring greater customer diversity and interest tomorrow.” This has never been truer than it is today. It is less about differentiating your brand from the competition. Rather, it is more about ensuring your brand is continually evolving to meet your consumers’ changing habits and preferences. This means the style of your wines as well. Hoping consumers will continually love your well-established wine style isn’t realistic. And maybe this in part accounts for the attrition rates in wine club membership. Evolving your style is not an easy task and one that needs to be carefully executed over time. But it should be one of the many considerations as brand owners plan for the future. Thanks to Rob McMillan and SVB 2023 DTC Wine Survey for these important insights. #wineindustry #winebusiness #wineries