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Issue 692 - July 29th - August 2nd 2024 - Expressly created for 4822 wine lovers,
professionals and opinion leaders from all over the world | |
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| | | It is a fact that the first half of 2024 was not easy for great collectible wines either, but the fine wine segment still shows some strength. “The rebound in June, however, is not enough to bring back the positive sign in the first six months of the year”. So states the Observatory of the specialized platform eWibe (in-depth), live market for fine wines, which marks a -0.6% decline in the first half of 2024. France (-1.1% since the beginning of the year) is still suffering, especially following Bordeaux’s disappointing “En Primeur” campaign. Italy (-0.1%) once again shows a path of stability. | |
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| | Tenuta San Guido, cradle of Sassicaia, continues to dominate by profitability, with an index of more than 60%; the cooperative reality Cantine Riunite & Civ (to which Gruppo Italiano Vini- Giv belongs) continues to dominate by turnover, with 670.6 million euros, while the first private reality is the Argea group, with 449.5 million euros. These are some of the records that emerge from the now historic ranking of the 118 largest Italian wine companies, by economics journalist Anna di Martino, published in “L’Economia” of the daily newspaper “Corriere della Sera”. A group of companies (75 private and 43 cooperatives), which put together more than 9 billion euros in turnover (+2.7% in 2023 over 2022, with an export growth of 3.6% and an increase in Italy of 1.1%), and able to grow, overall, despite a generally declining market. Looking at the (private) companies that own the most vineyards at the top is Marchesi Antinori, with its 3,350 hectares in production (considering also the 230 hectares of vineyards in the U.S. and the 100 in Chile); in second place is Marchesi Frescobaldi with 1,660 hectares (growing), bypassing the Zonin 1821 Group, owner of 1,600 hectares. Fourth place goes to Banfi, with 1,034 hectares, the first entity in the Brunello di Montalcino territory. They are followed in fifth place, with 1,018 hectares, by Tenute del Leone Alato, a wine-growing hub controlled by Leone Alato, an agribusiness holding company of the Generali Group. At No. 6 is the Terra Moretti group, chaired by Francesca Moretti and led by CEO Massimo Tuzzi, with an 899-hectare property spanning Franciacorta, Tuscany and Sardinia. Position No. 7 for Tommasi Family Estates, which started in the Veneto region (in Valpolicella) and has put together an estate of 800 hectares in several leading territories throughout Italy (from De Buris in Valpolicella to Casisano in Montalcino to Paternoster in Basilicata), while at No. 8 is still the Santa Margherita Group, with 608 hectares in its various estates. Closing out the “Top 10” are the Sicilian Cusumano (530 hectares) and Antonio Capaldo's Feudi di San Gregorio, which, starting in Irpinia, has increased its number of hectares under vine to 510, in several important territories in Italy (from Basilisco, the iconic winery in Vulture, to Campo alle Comete, in Bolgheri, and Galardi, producer of the iconic Terra di Lavoro wine, still in Campania). | |
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| | If profitability is a key parameter for the health of companies, equally significant is the one related to the ability to invest. And so, Anna Di Martino’s analysis shows that the one to have invested the most, in 2023, with 26.3 million euros, is still Marchesi Antinori, ahead of the Santa Margherita Group, with 25.5, the Caviro Group with 24.7, Marchesi Frescobaldi, with 22, and Cantine Riunite & Civ, with 20.5. Next, with 12.1 million euros, is Ruffino, and then, with just under 11 million euros, Terra Moretti Vino, owned by the Moretti family, then Tenute del Cerro, owned by the Unipol Group, and again Mionetto, while with 9.5 million euros invested, Collis Veneto Wine Group (now headed by Christian Scrinzi, who is, most recently, also president of the Soave Consortium, ed.). | |
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| | | Tenuta San Guido dei Marchesi Incisa della Rocchetta once again dominates the 2023 profitability ranking, with an index exceeding 60%. Second place for Jermann: the Friulian winery, famous for its signature whites, closed 2023 with an index of 57.4%, followed on the third step of the podium by the Tuscan estate Biserno, with a ratio of 51.3% (now run by Niccolò Marzichi Lenzi). The two estates both belong, with different shares, to Marchesi Antinori, which ranks fourth, with 50.2%. In fifth place comes another prestigious Tuscan label, Marchesi Frescobaldi, with a ratio close to 39%. At No. 6 is the Marzotto family’s Santa Margherita Group, with 33.2% against a turnover of as much as 255.1 million. From Veneto to Sicily, at No. 7, with 30.8%, is Cusumano. Two new entries in the Top 10 club for profitability, namely Pizzolato, in the Treviso area, with 29.3, and then Casa Paladin, with its heart in Veneto but companies also in Friuli, Franciacorta (with the pearl Castello Bonomi, ed.) and Tuscany, with 24.8%. Closing the “Top 10” is one of the most important names in Sardinia and historically present in the ranking, Argiolas, with 23.8%, and again, over 20%, Donnafugata, Guido Berlucchi, Feudi di San Gregorio, Fantini Group, Tasca d’Almerita and Marchesi Mazzei. | |
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| | | Annalisa Zorzettig (Zorzettig) from Friuli Venezia Giulia; Valentina Abbona (Marchesi di Barolo) and Federica Boffa (Pio Cesare) from the Langhe; Verdiana Rimbotti Antinori (Marchesi Antinori) and Carlotta Fittipaldi Menarini (Donne Fittipaldi) from Tuscany, including Chianti Classico, Bolgheri and beyond; Josè Rallo (Donnafugata) from Sicily; and Marina Masciarelli Cvetic (Masciarelli Tenute Agricole) from Abruzzo: these are the seven female wine entrepreneurs included in Forbes Italy’s 2024 “100 Women of Success” list. | |
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| | While Italian wine export data, according to Istat, remain positive for the first four months of 2024, “alarm bells” are also emerging for the wine sector. As noted by the Uiv-Vinitaly Observatory based on NielsenIq, overall sales of wine in the three main markets of world demand are still slowing down: the balance of the first half of the year in the large-scale retail trade of the U.S., the U.K. and Germany marks a trend of volumes marketed at - 4.3%, for a value at 13.9 billion euros (- 1.5%). For Italy, on the other hand, the result among the shelves of the first three foreign markets is stable, but not for this reason considered satisfactory by Unione Italiana Vini (UIV), with volumes at +0.1% and a countervalue, still affected by inflation, of 2.3 billion euros (+0.9%). | |
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| | While waiting to see it starring on the big screen, renewing the liaison between the world of wine and the world of cinema, Conegliano Valdobbiadene Prosecco Superiore Docg toasts the stars who will parade on the red carpet of the Mostra Internazionale d’Arte Cinematografica - La Biennale di Venezia No. 81 (August 28-September 7), the official sparkling wine of the world’s oldest film festival, with the bottle with the label “Riprese collinari” made for the event. | |
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