Fresh Vine Wine Debuts Napa Cabernet via Hy-Vee Supermarkets

Posted on January 26, 2022 by Joel Whitaker

Fresh Vine Wine‘s Limited Reserve Napa Cabernet is the fifth varietal in the company’s expanding line in the premium wine category.

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Riboli Family Expands National Sales, Strategic Planning Team

Posted on January 26, 2022 by Joel Whitaker

Riboli Family Wines promotes Paul Roberts to senior vp-sales.  He joined Riboli last spring after 20 years with Banfi Vintners, most recently as VP-sales North America.

The appointment is one of several intended to support the rapid growth of Stella Rosa, the #1 Import Brand and the largest selling brand over $10 in the US; the Riboli Estates Group, its portfolio of luxury wineries sourcing fruit exclusively from the family’s 1,400 acres of sustainably farmed vineyards in Paso Robles, Monterey, and Napa Valley, and the rest of the Riboli Family Wines portfolio. In other changes:

Sales Team Expands with Five Divisions, New Chain Leadership. Each of the five new divisions includes a Division Vice President, Regional Manager, Trade Development Manager, District Manager, and Area Manager. Division Vice Presidents include Greg Baldino, Southeast; Tom Walker, Central; Ryan Deines, Mid-West; and Chris Riboli, West. A search for the Northeast Division VP is underway.

Kyle Hensley was named senior vp, chains. To support retailer chain partners, Kyle has been selected to lead a team of eight to manage the company’s key chain relationships. Paul Rinaldi named vp-national Accounts, overseeing Kroger, Whole Foods, Meijer as well as all Costco divisions.  Rick Rechetnik is appointed vp of Drug/C-store/Military/West Regional Accounts.

Penny Kosut is overseeing the family’s portfolio of California estate-based wineries: San Simeon, Maddalena, Highlands 41, Opaque, Windstream and Riboli Family. Three Business Development Managers work closely with Penny and the Out of State team to develop the estate portfolio.

JR Trevino has moved into a new position, vp-strategic planning and business integration, working with Susan Bertenthal, the new senior director of business insights.

 

 

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Economy Watch: U.S. Wage Growth Jumped 4.4%

Posted on January 26, 2022 by Joel Whitaker

Fourth quarter U.S. wage growth increased 4.4 percent.  Wage growth for both job holders and job switchers hit all-time highs of 5.9 percent and 8.0 percent respectively, according to the ADP Research Institute Workforce Vitality Report (WVR).

Generation Z (24 years old and younger) job holders saw the largest wage gains in December 2021 at 13.1 percent. Employment growth increased by 5.0 percent in December 2021.

“ADP data showed U.S. wage growth increased 4.4 percent on average for all workers in December 2021, with job switchers and younger job holders who saw the largest wage growth,” said Nela Richardson, chief economist, ADP. “Leisure and hospitality, which experienced the greatest job loss due to the pandemic, was a notable exception to this overall trend. While leisure and hospitality led employment gains in the first half of 2021, it is the only industry where job switchers’ wages were basically flat on average in December 2021 compared to previous year.”

Employment growth year-over-year increased 5.0 percent, with all sectors experiencing employment growth. While leisure and hospitality led the way with a 17.7 percent increase, overall employment levels for the sector remain below their high-water mark prior to the pandemic. However, wage growth for job holders and job switchers was the strongest in industries including professional business services (12.2 percent) and information technology (12.2 percent).

All regions of the U.S. experienced wage growth over 3.0 percent. While job switchers saw record-setting wage growth, job switchers in the West and Northeast received the biggest gain at 9.2 percent and 9.0 percent. By firm size, midsized companies with 500 to 999 employees increased wages the fastest, up 9.1 percent in December 2021 from one year prior.

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Who & What —

Posted on January 26, 2022 by Joel Whitaker

Jordan Vineyard & Winery expanded Ashley Cesario‘s role to include international export director.  Cesario will continue to oversee the company’s current Northeastern U.S. territories.   Jordan plans to add a New York City-based market manager.  

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Prosecco Production Hits a Record

Posted on January 26, 2022 by Joel Whitaker

Prosecco DOC production achieved a record 627.5 million bottles, a record increase of 25.4% in total production by volume, according to Stefano Zanette, president of the Prosecco DOC Consortium.  Some 71.5 million bottles were produced in the Rose version and the category experienced increased premiumization with the average bottle price up 4% in 2021.

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Brewers U.S. Ships Fall 4% in December

Posted on January 26, 2022 by Joel Whitaker

Beer Institute estimates U.S. brewers shipped 13.9 million barrels, a 4% drop from December 2020.  Estimates of domestic tax paid shipments for all of 2021 are down 0.2% to 169,154,000 barrels from 169,387, 691 for 2020.

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