Vinfolio

It’s a tough market for wine collectors. Disposable income is still at a premium, and there is already plenty of competition. There are plenty of brick-and-mortar and online stores catering to wine enthusiasts … not to mention the likes of auction houses such as Sotheby’s, which dominate the auction scene for liquid bliss. Nonetheless, Vinfolio, which has been around since 2003, found a way to reach into the pocket of former AOL top dog Steve Case.

The amount Case plunked down for a piece of Vinfolio hasn’t been disclosed, but it is known that he put $10 million into another luxury business, Exclusive Resorts. Whatever he’s put into the business comes on top of $10 million already raised.

Does this mean the upscale wine market is coming back? The economic recovery may still be delicate, but this seems like a smart move for down the road. After all, money in a wine collector’s pocket is always looking for a home.

By Tom Johansmeyer | Source :: www.luxist.com

Comments

Comments are closed.

Need labels urgently? Veritas Consulting digital label printing prints any quantity from 1 label upwards, plus we cut digitally to any size or shape. We also offer fast turnaround times so that your urgent orders can be met. We print the jobs other printers don't want to do! Contact Mike or click on the link below.

Tired of waiting 3 to 4 weeks for your labels? Veritas Consulting digital label printing offers fast turnaround times which enables our customers to get their products to market quickly. Contact Mike or click on the link below.

Are you looking for the most unique, head turning way of branding your company, event or just looking for a gift to impress? Nothing looks as great as your own personalised label on a bottle or package. Contact Mike or click on the link below.

Veritas Consulting digital label printing offers personalised labels for weddings, anniversaries, birthdays or any other special occasion. Contact Mike or click on the link below.
Marquee Content Powered By eTDS TechnoSys.
Visit Our Plugin Community.
Close
E-mail It