Pol Roger bottles unearthed: In 1900, Pol Roger’s cellars partially collapsed, resulting in a loss of 500 casks and 1.5 million bottles of wine. In January, construction workers building a new facility next to the historic cellars stumbled upon a void. Behind lots of broken glass, 19 intact bottles were discovered—all in good shape, exact vintage unknown. [Wine Spectator]
SVB Wine Report: Silicon Valley Bank predicts in its State of the Wine Industry 2018 report that the US wine industry is nearing the end of a 20-year growth period. One factor is that while boomers remain the leading consumers of fine wine, they are drinking less as they age. Among other forecasts, the report predicts that acquisitions will begin to slow. Here's a link to the report itself. [Wine Industry Advisor]
Vivino raises new funding: Vivino has raised a new, $20 million round of funding. Like the last round of funding two years ago, it was led by SCP Neptune International, the investment arm of former Moët Hennessy CEO Christophe Navarre. Vivino has now raised a total of $57 million and has 29 million users. [Venture Beat]
The perils of mezcal’s success: Susan Coss started a mezcal blog in 2012, before its popularity soared—between 2005 and 2015 , volume sales of mezcal jumped 279%. Coss now operates a mezcal tasting event, an educational platform, and an advocacy organization. She is intent on encouraging issues of sustainability alongside enjoyment of the spirit. [SF Chronicle]
JBA semifinalists: The James Beard Foundation has announced its Restaurant and Chef Awards semifinalists for 2018. In the New York Times, Kim Severson explains that the foundation has added a new set of criteria: contenders must possess “the values of respect, transparency, diversity, sustainability and equality.” As compared to years past, this semifinalist list includes more women and is more egalitarian and culturally diverse. The five nominees in each category will be revealed on March 14. Congratulations to all in our community recognized here! [Eater, NYT]
Our favorite SevenFifty Daily article this week
Juliette Pope’s career transition: Juliette Pope is a deeply respected figure in the wine industry, best known for her role as the beverage director at Gramercy Tavern from 2004 to 2016. Today, she is working as a portfolio manager at David Bowler Wine and says that everything from her restaurant career has transferred to this role. [SevenFifty Daily]
What do you think?
Reading the Silicon Valley Bank report, did any predictions surprise you? Which forecasts seem most important to you? Do you disagree with anything it states?
What do you expect to see from Vivino and other major wine apps in the next few years?
How is mezcal doing in your market? Which sustainability issues seem most crucial to you?
If you’ve transitioned from the floor to a career in the realm of sales, did Pope’s reflections ring true to you? What else have you experienced in making this switch?
What else have you been reading this week?