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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  
October 2014 $570 million
6%
$7,775 million
6%
October 2013 $539 million $7,342 million
     
Direct-to-Consumer Shipments » Month   12 Months  
October 2014 $284 million
18%
$1,751 million
13%
October 2013 $240 million $1,556 million
     
Winery Job Index » Month   12 Months  
October 2014 139
6%
226
18%
October 2013 131 192
     
 
MORE » Released on 11.13.2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 

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