Gaucho Group Holdings Inc (VINO): "We're thrilled to announce this ini...

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Monday, 10/31/2022 9:18:00 AM

Monday, October 31, 2022 9:18:00 AM

"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."

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