Fresh Vine Wine Boosts Distribution Points 19% in 2023
Fresh Vine Wine, Inc. said it has added more than 1,197 new points of distribution in 2023, which represents a 19% increase to 7,446 since the beginning of this calendar year. Fresh Vine Wine can now be found at select retail locations like Amazon and Whole Foods, among many others.
“Our goal has always been to be the leader in the ‘Better For You’ category, and we look forward to introducing our collection of well-balanced premium wines to additional markets for all consumers to enjoy. With so much unmet demand in this space, the increased availability of our wines supports our belief that the product resonates with consumers and is gaining traction in the market,” said Jamey Whetstone, Fresh Vine Wine’s winemaker. “Retailers and buyers are excited about this fast growing segment, and our unique approach to winemaking has differentiated Fresh Vine Wine on taste and quality.”
Fresh Vine Wine was founded with the intention of filling an existing gap in the wine industry. The brand has received recognition in the “Better For You” category from several influential industry authorities, all of which validate the caliber of Fresh Vine Wine’s entire product portfolio. In August of 2022, Fresh Vine Wine’s Limited Reserve Cabernet Sauvignon received a 92-point rating from renowned wine critic James Suckling. The brand’s California Cabernet Sauvignon also received a 92-point rating in September of 2022 from The Tasting Panel & SOMM Journal. Fresh Vine Wine’s 2021 Rosé, 2020 Chardonnay, 2020 Cabernet Sauvignon, and 2019 Pinot Noir all received Sommelier Choice Award recognitions from acclaimed sommeliers and industry experts within the association across gold, silver, and bronze ratings.
“While we believe that points of distribution serve as a reasonable proxy of future growth, the Company continues to execute against a defined strategy and has an ambition for long-term growth,” said Jim Spellmire, Fresh Vine’s CFO. “We are proud of the progress we have made, and we believe that our positive momentum is an example of our 2023 strategy beginning to work.”