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Issue 483 - July 27th - 31st 2020 - Expressly created for 11.897 wine lovers,
professionals and opinion leaders from all over the world |
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The No. 1 of the Italian enologists for one of the most famous stars of music and show business who produce wine: according to the rumors collected by WineNews, it will be Riccardo Cotarella, one of the most successful Italian winemakers, president Assonenologi and co-chairman of the Union Internationale des Enologues, to sign the wines of Il Palagio, the Tuscan estate of Sting, in Valdarno, which the singer, in recent years, follows closely and promotes in the world, with appearances between wine and music, first at OperaWine by Wine Spectator, in Verona in 2016, then at Prowein in 2017, at the Previews of Tuscany and at Benvenuto Brunello in Montalcino in 2018. |
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Cantine Riunite & Civ (with the Gruppo Italiano Vini) at the top in terms of turnover with 623.9 million euros in 2019 (+1.4%), ahead of Caviro (230 million, -2.37) and Marchesi Antinori, Italy’s first private reality with 222.7 million euros (+4.2%): the top of the big brands in Italy’s wine industry, a parterre de roi of 105 wineries in the Belpaese that invoice more than 10 million euros a year (and only 21 those over 100 million euros), which together invoice 6.8 billion euros, more than half of the 13 estimated turnover of Italian wine at the origin, and 62% of exports, for a total that reaches 4 billion euros, developed on 2.1 billion bottles born from more than 168. 000 hectares of vineyards, 158,372 of which are owned by the wineries and just 10,130 for rent. The scenario of the traditional analysis of the balance sheets of the most important wineries in Italy, carried out by the economic journalist Anna Di Martino, published in the “Corriere della Sera - Economia”, and deepened by WineNews. It emerges that 2019, for the summit of Italian wine, has been of growth: +1.5% on 2018, for a turnover of 6.8 billion euros, all driven by exports, which grew by 4.9% (and which, for the 105 wineries, represents 58% of turnover), and which was a counterbalance to an internal market that decreased by 2.9%. At the top, in terms of turnover, behind the podium, follow brands such as Casa Vinicola Botter Carlo & C. (217 million euros), Fratelli Martini (210), Zonin 1821 (205), Enoitalia (199), Cavit (191), Gruppo Santa Margherita (189) and Mezzacorona (186), to stop at the top 10. 41, in total, the cooperatives, 64 private companies, and 5 new entries: the Sicilian cooperative Gruppo Ermes (n. 25, with a turnover of 85 million euros), the Apulian Latentia Winery, focused on bottling and marketing (n. 46, with 44.3 million euros), the Tommasi Family Estates group, rooted in Veneto, with estates in Valpolicella and Soave, but also present in Lombardy, Lake Garda, Tuscany, in Montalcino and Maremma, in Puglia and Basilicata, (n. 60, with a turnover of 30 million euros), the Ambrogio and Giovanni Folonari estates, with estates in Chianti Classico, Montalcino, Bolgheri and Maremma (n. 101, with 12.4 million euros), and the Casa Paladin group, with wineries in Veneto, Friuli Venezia Giulia, Tuscany and Franciacorta (n. 150, with 10.1 million euros). |
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Wine at the center of the relaunch of the Italian agri-food industry, not only with the specific measures for the sector (emergency distillation and green harvesting), but also with others that concern the entire supply chain, from the revolving pledge with PDO and PGI products as guarantee of credit to the proposed support to the catering industry (1 billion euros for the purchase of products and wines made in Italy) and beyond. But also more details on the discussed measure on bottling outside the area for PDO and PGI in case of emergencies, which divided the representatives of the sector. There are many issues discussed by the Minister of Agriculture Teresa Bellanova, in the interview with WineNews: “we manage the emergency, already thinking about the relaunch of Made in Italy in the world”. |
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Among the top Italian wineries in terms of profitability, according to Anna di Martino’s analysis, at No. 1 absolute there is the Tenuta San Guido of the Incisa della Rocchetta family, “home” of the icon Sassicaia, with a ratio between ebitda and turnover of 59.2%, ahead of 47.5% of Antinori (on a turnover 6 times higher than that of Tenuta San Guido), and the Sicilian brand Cusumano with 36.5%. Then, other brands such as Frescobaldi, Santa Margherita, Castellani, Donnafugata, Argiolas, Guido Berlucchi, Gruppo Lunelli and Famiglia Cotarella. At the top in terms of turnover growth, stand out +32% for Cantina Toblino and +20% for Ruffino. Among the private realities with more owned vineyards, at the absolute top, by far, there is still Antinori, with 2,937 hectares, which detaches a lot Zonin 1821, which owns 1,990 hectares, and Frescobaldi, with 1,370 hectares. Then, 1,050 hectares of the Castello Banfi, the leader of Brunello di Montalcino, and Genagricola with 990, the Terra Moretti group (with Bellavista and Contadi Castaldi in Franciacorta, Sella & Mosca in Sardinia, Teruzzi in San Gimignano and Petra in Suvereto) with 870, Tommasi with 572, Cusumano with 525, the Santa Margherita group with 499 and Bertani Domains, which has 460 hectares between Veneto, Tuscany, Marche and Friuli Venezia Giulia. |
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Nature has run its course, heedless of the pandemic, in Italy it is already harvest time: the first harvest 2020 of the Belpaese, as has been happening for some time, has been started by the Cantina Settesoli, one of the reference realities of Sicilian wine (6,000 hectares of vineyards, of which 870 organic, for 2,000 members), which, since Thursday, as anticipated WineNews, has started the manual harvest of an early variety such as Pinot Grigio. A ritual that marks in its own way the revival and restart of Italian wine. |
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If the Fine Wine market, in the first half of the year, has substantially withstood the impact of the Covid crisis, with Italy doing better than anyone else according to Liv-Ex data, confirming the health of Italian wine in the segment that looks to the most prestigious labels in the world, comes the news that the Barolo Monfortino Riserva 2013 Giacomo Conterno, one of the sacred monsters of Italian and world wine, in the first 6 months of this difficult 2020, was by far the most traded wine in value. In the “top 10”, together with names of absolute prestige such as Dom Perignon, Lafite Rothschild, Louis Roederer, Romanee Conti, Leoville Poyferre and Harlan Estate, two other top names in Italian wine: Sassicaia 2017 of Tenuta San Guido, at position n. 5, and Tignanello 2016 Antinori, at n. 8. |
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A “white gloves” auction, with 100% of the 3,422 lots in the catalogue sold, for a total takings of 5.7 million euros. A successful auction that of of the cellar of the restaurant “Del Posto”, in New York, among the most famous venues of Joe and Lidia Bastianich, beaten by Hard Davis Hart. The top lot? Giacomo Conterno’s Barolo Monfortino Riserva: 12 bottles of the popular 2010 vintage, awarded for 21,510. The lot with the highest revaluation was the 12 bottles of Brunello di Montalcino Riserva Case Basse by Gianfranco Soldera 1999, awarded for $15,535. |
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