Silicon Valley Bank to Release Annual State of the Wine Industry Report January 16, 2014
SANTA CLARA, Calif., Jan. 8, 2014 /PRNewswire/ --
WHO: Silicon Valley Bank, a leading provider of commercial banking services to the innovation sector and the wine industry, will release its Annual State of the Wine Industry Report in a live broadcast from SVB TV studios. Rob McMillan, founder of Silicon Valley Bank's wine division and author of the report, will be joined by Paul Mabray of VinTank, Mario Zepponi, Principal at Zepponi & Company, and Glenn Proctor, Partner at the Ciatti Company to discuss trends in the wine industry in 2014.
WHAT: The report, based on a survey of nearly 650 West Coast wineries, in-house expertise and ongoing research, addresses current issues facing the US wine industry. The report offers data and observations that help wine business owners and managers think critically about their business strategies.
WHEN: Thursday, January 16, 2014 at 9:30 – 10:30 a.m. Pacific time.
WHERE: Live online broadcast. Register here.
WHY: The US wine business is mostly private and family owned. Access to information is difficult to come by. Silicon Valley Bank's annual wine report is based on its in-house expertise as one of the largest bankers to the West Coast wine industry for 20 years, a proprietary database of more than a decade of winery financials, ongoing research, and an annual survey of 500 West Coast wineries. The report offers data, observations and recommendations that wineries can use to grow their own businesses, as well as insight and understanding for industry followers on a variety of topics:
- Winery financial performance from 2013
- Bottle pricing expectations for 2014
- Forecast of consumer demand and sales growth rate for fine wine producers
- Wine inventory positions
- Pricing expectations for bulk juice and grapes
- Anticipated harvest yields
- Planting decisions: plant or import?
- Economic insights
- Vineyard and winery valuations
- M&A and vineyard acquisitions
- Digital trends (CRM, DtC Sales, Social Media, 3rd party marketers and compliance)
About Silicon Valley Bank's Wine Division
Silicon Valley Bank is the premier commercial bank for emerging, growth and mature companies in the technology, life science, private equity and premium wine industries. Its Wine Division specializes in commercial banking for premium wineries and vineyards and the industries that support them. SVB has the largest team of commercial bankers dedicated to the wine industry of any bank nationwide. Founded in 1994, SVB's Wine Division has offices in Napa and Sonoma counties and serves clients in the fine wine producing regions of California, Oregon and Washington. By virtue of its dedication to the wine industry, Silicon Valley Bank is able to support its clients consistently through economic and growth cycles, and offer guidance on many aspects of their business, beyond traditional banking services. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB). More information on the company can be found at www.svb.com.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Financial Group is also a member of the Federal Reserve.
SOURCE Silicon Valley Bank