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"This new opportunity for Algodon Fine Wines to penetrate the Brazilian e-commerce market is very exciting for us," commented Algodon's Chief Operating Officer, Sergio Manzur Odstrcil. "This past September, we broke our previous sales record for online orders coming from our Argentine e-commerce platform (algodonwines.com.ar). We believe that Brazil can bring in even more revenues, not only because of the significant population difference between our countries, but also because year after year Argentine wines sales and imports have been steadily increasing in major Brazilian cities such as Rio de Janeiro, São Paulo, and Brasilia, among others."
"We're thrilled to announce this initiative to expand Algodon's wine distribution in one of the world's largest markets, Brazil" said Scott Mathis, Algodon Fine Wine's CEO & Chairman. "The Global Wine Market is expected to be worth up to USD 599 billion by 2028 by some estimates. And so, we are excited to see our distribution network and consumer base grow. Looking ahead to Q4 2022, we also hope to launch a new "Gaucho" branded wine line, that may include a Malbec microvinified blend, and potentially a Gaucho banded chardonnay, both in limited production."
As the largest economy in Latin America, with an estimated population of over 210 million inhabitants, over 150 million are of legal drinking age, and around 39 million consumers in Brazil drank wine at least once per month, according to Statista. Brazil imports USD 65.6 million of Argentina wine annually. This number is expected to increase as more direct-to-consumer websites and mobile applications grow in the Brazilian market. Brazil currently ranks second in number of downloads of the world's largest wine application VIVINO (which currently boasts a community of over 50 million wine enthusiasts) - with over 4.2 million members. Brazil is the third largest wine e-commerce market in the world, with 10.6 million purchasers, behind only the United States and China.
Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories (the "Company"), today announced Algodon Fine Wines' initiative to develop a direct-to-consumer e-commerce platform for the Brazilian market, giving Brazilian wine lovers access to Algodon's portfolio of award-winning Malbec wines.
would love to see this one break 0.30 again
Hopefully Green Day!
have a gn buddy
Im out GLTA
See you guys during market hours
should easy on strong momentum
Lets see if can bounce up yo 0.50+ soon
that's exactly what i'm waiting for
Momentum will come out of nowhere you guys will see
They will for sure, momentum & bottom players
not too long ago it ran from 1.25 to 3.00
NASDAQ trasera will pick this one soon
lot of good swings past 2 years here
Holding a few here, came a cross this one bottom fishing
Blue Ribbon Sushi Bar & Grill and BunBury Wine Bar are the latest additions to the distinct network of Algodon Fine Wines retailers and distributors, including Southern Glaziers Wine & Spirits FL, Seaview Distribution NY, 3J Imports NJ, Vinporter E-Commerce, Sherry-Lehmann NY, Spec's TX, Le Boutellier CA, The Noble Grape IL, as well as Vivino E-Commerce.
"We're thrilled to announce this addition of Blue Ribbon Sushi Bar & Grill, as well as Bunbury Restaurant, to our ambassador initiative for Algodon's further wine distribution in southern Florida" said Scott Mathis, Algodon Fine Wine's CEO & Chairman. "The Global Wine Market is expected to be worth up to USD 599 Billion by 2028 by some estimates. And so, we are excited to see our network grow as our partners at Southern Glaziers continue to open the Florida wine market to Algodon. Looking ahead to q4 2022, we hope to launch a new "Gaucho" branded line, that may include a Malbec microvinified blend, and potentially a Gaucho chardonnay, both in limited production."
You better do because this one has nowhere to go but up
Blue Ribbon Sushi Bar & Grill is a creation of the renowned Bromberg Brothers, Chefs Bruce and Eric Bromberg, and is nestled in the historic Plymouth Hotel at 336 21st St, Miami Beach. Bunbury Restaurant, located at 55 NE 14th Street, Miami, remains the highest rated Argentine restaurant in Miami, boasting 4.5 stars out of 418 reviews on Yelp. Both restaurants are part of the distribution platform of Southern Glazer's Wines and Spirits' Signature Luxury Wine & Spirits, a division designed to introduce hand-picked and curated fine wines to their customer base.
Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced the addition of Miami's Blue Ribbon Sushi Bar & Grill, as well as Bunbury Restaurant, to the wine distribution network of Algodon Fine Wines.
"This is a great step forward in our endeavors toward the expansion of Algodon Wine Estates," said Scott Mathis, Chief Executive Officer of Gaucho Group Holdings, Inc. "We now expect to further define the electrical development plan for each area, including our forthcoming Luxury Hotel & Residences, and also approximately 45 new Village Lots, or possible more. We anticipate preparing the plan with our engineers over the next 3 to 6 months."
if go lower i will definitely average down
The expanded masterplan includes a 27-hole championship-style golf course, championship-style tennis facilities, centralized village center and sports club, and an equestrian facility that will include a horse riding and training center. Additional highlights from the plan include an organic farming area, as well as organic fruit orchards, a boutique distillery, organic/seasonal restaurants, lavender and rose gardens, as well as various hiking, mountain biking, and walking trails that connect the social and residential areas throughout the estate.
45k only for now
The masterplan includes development of an additional 200 lots, ranging in size from 2.47 acres to 12 acres. The company anticipates sales of these additional lots could ultimately generate more than $100 million in revenues. The centerpiece of the masterplan is an ultra-luxury 80-room hotel, that will also include 40-60 residences, for which Algodon Wine Estates seeks to co-develop with a world class luxury hospitality brand. The revenue potential from the hotel rooms and branded residences could generate an additional $25 million per year.
As previously announced, this stage of the masterplan was designed by the architectural planning and design firm EDSA, whose work spans more than 5,000 projects in over 100 countries. EDSA's vision for Algodon Wine Estates includes further building upon the estate's award-winning vineyard development by emphasizing the existing winery and 1946 vines, the local Mendocino culture, as well as the estate's existing terrain, amenities, and features.
How many are you holding ?
Edemsa (Empresa Distribuidora de Electricidad Mendoza S.A.) is an electric power distribution company serving 11 departments in the Argentine province of Mendoza. The firm provides services to over 400,000 clients, mainly residential. It operates a 940km high voltage network, a 7,815km medium voltage network and close to 17,000km low voltage network.
Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories, today announced that its luxury vineyard development project, Algodon Wine Estates, has received Electrical Masterplan approval by Edemsa. Algodon Wine Estates is a 4,138 acre wine, wellness, culinary and sport resort and luxury residential development, in San Rafael, Mendoza, Argentina.
yea me too for real
Cant wait for the real momentum to start here
Scott Mathis, Gaucho Group Holdings 's Founder, Chairman and CEO, commented on the trademark filing; "By incorporating Maison Gaucho™? into the Gaucho - Buenos Aires®? brand architecture, we see this as an opportunity to expand Gaucho's reach into other retail and experiential categories, thereby building stronger bonds with our existing customer base as well as reaching a broader range of potential customers and new niches. We are intent on elevating Gaucho to the status of being a world recognized brand. As we continue to introduce Argentina DNA to the Unites States, such as our newly opened flagship store in Miami's Design District, as well as our upcoming Las Vegas project that would expand the Gaucho brand in ways that could include opportunities in lodging, hospitality, retail, and gaming, our plan for Gaucho's future is an ever-growing and evolving business." Also adding, "We anticipate making further announcements on our Las Vegas agreement with LVH, which, if successful could have a transformational effect on our value and growth potential in the coming years. Please stay tuned as these and other opportunities unfold."
In addition, Gaucho Holdings announced last year its commitment of $35 million to LVH Holdings LLC for a 40% ownership in a project located in Las Vegas, Nevada, that would include opportunities in lodging, hospitality, retail and gaming. Gaucho Holdings' brands are intended to be featured prominently in the project, including the development of a Gaucho-branded boutique hotel, hospitality lodging with residential leasing, a well-appointed Gaucho retail store featuring Gaucho's fine leather goods & accessories, as well as an Argentinian steakhouse with the potential curation of a tango show. Additionally intended is a wine bodega featuring Gaucho Holdings' high end wine brand Algodon Fines Wines, which are produced at its 4,138 acres winery in San Rafael, Mendoza, Argentina.
10-20M volume would take this to the moon
Gaucho - Buenos Aires®? embodies the spirit of Argentina -- its grand history, its folklore and its revival as a global center of luxury. Inspired by the sophisticated elegance of the great European maisons, Gaucho - Buenos Aires™? is also rooted in the traditions of native, nomadic culture. With its ambitious couture, ready-to-wear and high-street fashion offering, this is the brand in which Argentine luxury finds its contemporary expression.
Maison Gaucho™? is the high design, high style component of the Argentina luxury fashion brand Gaucho - Buenos Aires™? (GAUCHO.com). The line offers unique, handmade pieces showcasing elevated looks for style conscious people who value being fashion forward. Founded by entrepreneur Scott Mathis and headed up by Argentine Creative Director Lautaro De la Peña, Gaucho - Buenos Aires®? blends the quality of a bygone era with a sophisticated, modern, global outlook. The brand's beautifully handcrafted clothing and accessories herald the birth of Argentina's finest designer label.
Technically yes I think we're oversold too
i would say extremely oversold too
Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced its trademark application for MAISON GAUCHO™? has received its Notice of Allowance (NOA) for the categories of Class 41 - Casinos; Night club services; Dance club services, and Class 43 - Hotel accommodation services; Restaurant services; Bar services; Bar and cocktail lounge services.
Undervalued for sufe
Bounced over 0.30 quick 2 weeks ago
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