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Red Blends Popular; Lot18 Gets $30 Million

December 2011
 
by Jim Gordon
 
wines & vines wine industry data center flash report
 
So far this year red blends lead the pack in number of offers by the nine top flash sites monitored by WinesVinesDATA. Cabernet Sauvignon leads in bottle price. In the graphs below, we show the varietals/types by both measures of popularity. Domestic and imported wines were both included, so red blends include everything from red Bordeaux to Cotes du Rhone to super Tuscans to California Meritage. In other flash site news, fast-growing Lot18 announced $30 million in Series C funding led by Accel Partners and that Accel’s Sameer Gandhi will join Lot18’s board of directors. The company reported that in one year it had sold more than 500,000 bottles of wine and is selling more than $1 million per month.
 

 
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Wine Industry Metrics
 
Off-Premise Sales » Month   12 Months  
June 2014 $562 million
5%
$7,549 million
6%
June 2013 $535 million $7,094 million
     
Direct-to-Consumer Shipments » Month   12 Months  
June 2014 $87 million
17%
$1,669 million
11%
June 2013 $74 million $1,510 million
     
Winery Job Index » Month   12 Months  
June 2014 300
34%
220
21%
June 2013 224 182
     
 
MORE » Released on 07.15.2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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