40 min listen
One Year Anniversary - Live on Clubhouse
ratings:
Length:
49 minutes
Released:
May 12, 2021
Format:
Podcast episode
Description
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: This episode was recorded live on May 4, 2021, on the Clubhouse platformUS Covid business updates and trendsLots of open jobs right now, especially in hospitality, the US is recovering from Covid quicklyJuliana 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 eventsBarb Tyree (Repour) - restaurants are coming back online quicklyNadine Brown (sommelier in DC) - retailers did well in DC during Covid, huge staffing issue in DCFine Wine Market updateLauren 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 currentlyMaureen 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 libraryTess 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 pastMaureen 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 onlineFavorite episodesIvonne Nill (listener, MW candidate) - loves specific examples for Master of Wine essays, e.g., Wine.com, Wine Australia, and Juliana Colangelo’s episode on Social Media InfluencersFuture episode ideasRoundtable discussion on global wine trendsConsumer-oriented brands discussing what’s working well for younger generationsBulk winesWine buying journey of wine collectorsCareer transitions into wineScoring publications and impactPersonalization/customization of wine buying Get access to library episodes Hosted on Acast. See acast.com/privacy for more information.
Released:
May 12, 2021
Format:
Podcast episode
Titles in the series (100)
Wine Social Media: In this episode, Robert Vernick and co-host Peter Yeung discuss social media for wineries and the importance of creating your social presence to grow your brand and build a solid client base. Robert and Peter will delve into the pros and cons of each soci by XChateau Wine Podcast