Chinese Online Wine Sales to Reach $2 Billion by 2014: The Elephant in the wine sales room – i.e. the impact of growing Asian demand for wine – continues to be a hot topic and the reason is obvious from this report on projected sales of $2 billion online by 2014. That’s online only – At a growth rate that appears to be doubling every year. Phew.
Prediction Checklist: The CORKZILLA team has been avid readers of Rob McMillan’s blog on the wine business, viewing the industry as he does from his perch at the Silicon Valley Bank’s Wine Division. In a recent installment, he looks back at predictions he made for 2012-13 to see how he’s doing now that we’re in the midst of the harvest. Check it out here.
Latest Crushpad Incarnation Ready in Oct.?: Assets from the sale of custom-crush service Crushpad, now based in Sonoma, Calif., will get a re-start in October of this year, according to this report, but clients may have to pay more to access wine they thought they already paid for. The state of the business has prompted healthy amounts of anger among clients.
Shameless Plug for the Latest from Paso Wine Man: Usually, the 'Zilla stays away from promotional videos unless they offer some educational content, but as those who have been longtime readers know, we do hold a soft spot for the Paso Robles, Calif. wine region, and one of their principal marketing tools - Paso Wine Man - released yet another new video for our enjoyment: