Coravin’s technology and concept was so avant-garde that reaction from the fiercely traditional wine industry was mixed. Lambrecht, who is now based in Boston, USA, said: “The Australians are open-minded, receptive and extremely creative. They adopted Coravin everywhere, from the wineries and restaurants to the distributors and consumers at home.
It was the pandemic that threw the company into the limelight. Lambrecht explained: “From a few million dollars in trade sales in February 2020, the figures plummeted to US$435 two months later. We were in panic. Restaurants were shutting down worldwide. Later on, many consumers starting buying Coravin products because they wanted to have that restaurant experience at home and the sales figures shifted towards home use.
Fool Wine Bar’s head sommelier Davis Tan Jia Jie agreed: “For an explorative place like ours, it instils confidence in our guests and encourages them to try something out of their comfort zone. The preservation of wines Coravin offers compared to other technologies on the market remains unmatched; it’s compact, reliable and easy to operate.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US, Japan and Philippines call out China over disputed sea tensions at UN meetThe US, Japan and the Philippines agreed anew to uphold a free and open Indo-Pacific. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China Evergrande: unable to meet qualifications for issuance of new notesBEIJING : China Evergrande said on Sunday in a filing to the Hong Kong stock exchange that in view of the investigation of Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for issuance of new notes. The Evergrande unit was being probed by the Chinese securities reg
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hopes rise for end to Hollywood writers' strike as talks extendLOS ANGELES – Hollywood writers and studios will meet for a fourth consecutive day of high-level talks on Saturday, as the industry hopes to end the costly 145-day Writers Guild of America (WGA) strike. The two sides “met for bargaining on Friday and will meet again on...
Source: thenewpaper - 🏆 7. / 63 Read more »
Ukraine's Zelenskyy stops over in Poland to award two volunteersWARSAW: Ukrainian president Volodymyr Zelenskyy awarded two Polish volunteers state awards during a stopover on Saturday (Sep 23), but did not meet any officials as relations between the two countries are strained over grain imports. Poland decided last week to extend a ban on Ukrainian grain imports, shak
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, Japan and Philippines call out China over disputed sea tensions at UN meetThe US, Japan and the Philippines agreed anew to uphold a free and open Indo-Pacific. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China Evergrande: unable to meet qualifications for issuance of new notesBEIJING : China Evergrande said on Sunday in a filing to the Hong Kong stock exchange that in view of the investigation of Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for issuance of new notes. The Evergrande unit was being probed by the Chinese securities reg
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »