UNWTO Secretary-General: ‘The climate emergency is a bigger threat than Covid’
“Going back to the old normal is not an option.”
https://www.unwto.org/news/unwto-secretary-general-the-climate-emergency-is-a-bigger-threat-than-covid
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Fine wine prices have risen consistently over the past 17 months, the market’s most bullish period to date.
The Liv-ex Fine Wine 100 index, which tracks the price performance of the 100 most sought-after fine wines on the secondary market, rose 2.2% in October to close at 372.44 – an all-time high.
This is according to a recent article from Liv-ex (the London International Vintners Exchange) titled ‘Fine wine’s benchmark index sets a new record’, which explores how and why the index has set a brand-new record in October.
The article looks at the history of the Liv-ex Fine Wine 100 index, which can be found on Bloomberg terminals. It was officially launched in December 2003 but backdated to July 2001, in its first two decades, it has increased 272.4%, survived three global financial crisis and returned more than the S&P 500.
With fine wine prices consistently rising over the last 17 months, the longest bullish period in the fine wine market to date, it indicates high investor confidence and a healthy market.
Liv-ex is the London-based global marketplace for the wine trade, where 550 fine wine businesses from around the world buy and sell wine. What happens on the exchange is a reliable indicator of the health of the secondary wine market.
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Ready-to-Freeze (RTF) alcohol ice pops and frozen cocktails are predicted to be the next big trend in drinks following the merger of two companies that specialize in drinks and ice.
A statement of intent came when drinks and brand development company Iconic Brands, acquired ready-to-freeze- alcohol ice pop company TopPop. The company unveiled that “the growth in demand for different ways to consume alcohol” as well as “an increasing variety in ways alcoholic beverages are consumed” has directly led to the acquisition.
“In 2020, I began looking for a possible ice pop project for Iconic, which led me to TopPop. We believed adult ice pops and RTF were going to be a massive category in the future,” said Richard DeCicco, president and chairman of the board of directors of Iconic Brands.
Iconic Brands highlighted that the combined company will boost product offerings and strengthen its foothold in the fast-growing RTF marketplace. DeCicco revealed that the plan will also be for the TopPop arm to expand by adding a 64,000 sq. ft. facility and has already ordered £2.55m of manufacturing equipment to help the newly merged company meet growing demand for adult alcohol ice pop products and cocktail pouches.
Tom Martin, co-founder and COO of TopPop, added: “We expect the merger of our companies to be a game-changer as it allows us to combine our unique capabilities. We provide the manufacturing expertise and capabilities while Iconic provides high-level branding and marketing. It truly feels like a symbiotic relationship, and we are eager to blend the companies and provide the best products and services. We are moving quickly as demand is growing rapidly, and we are expanding to keep up with it.”
RTF alcohol ice pops are a fast-growing segment in the alcohol beverage industry. According to Grand View Research, the global ready-to-drink cocktails market size was valued at £521m in 2020 and is expected to grow at CAGR of 12% from 2021 to 2028.
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