What are wine drinkers in Singapore like? A leading wine distributor shares
The wine scene here is sophisticated, says Michael Chong, who started Monopole in 2010 with just six wine labels. Today, with a portfolio of more than 100 brands, the company is one of Singapore’s top wine distributors.
A NEW JOURNEYIn 2010, prompted by a change of ownership at Culina, Chong decided to leave and set up Monopole. “I was at the crossroads [in my career]. I was wondering whether to continue working as an employee or start a legacy for myself,” he recalled. “I thought, ‘I’ve got the smarts. I think I’m pretty ambitious. Let’s start a journey’.”
His office, which sits next to his warehouse, is located in the industrial estate of Tagore Lane. He picked the name Monopole – a French wine term that denotes a wine-growing area that is owned and controlled by a single winery – as a reference to his ambition and vision for his wine distribution company.
“I’m not a megalomaniac, but in business you always try to see if you can monopolise,” he said. “You got to think big, otherwise you might as well not start your own business at all. So the name Monopole was quite fitting in terms of our vision for the company.” headtopics.com
It was also fortuitous that his new venture coincided with the opening of the Integrated Resorts, which boosted the F&B scene and consequently the demand for wines.“Back in 2010, the wine scene here was not as sophisticated as it is now. Today, the number of consumers and restaurant managers who have wine knowledge is exceptional,” he said. “The Singapore government had so much foresight to bring in the IRs – the establishments brought in a lot F&B talents, who then developed smarter wine programs for their restaurants.”
“Back in 2010, the wine scene here was not as sophisticated as it is now. Today, the number of consumers and restaurant managers who have wine knowledge is exceptional.” – Michael Chong(Photo: Aik Chen)How an ex-Singapore resident went from banker to winemaker
COMMON VALUESSome wine distributors adopt an Old World or a New World stance for their offerings. Others take a niche route, for example, sticking to organic or biodynamic producers. For Chong, the theme he looks out for among his wine brands is pedigree.
“How do you define this ‘pedigree’? Is it the background of the owners? The quality of the wines? The commercial potential?” he posed. “For me, it’s a combination of all three factors.”He stressed that he looks out for brands that are “family-owned or sole proprietorships”. “We want to have a commonality among the brands we represent,” he said. “The brand owners should be able to sit together in one room and have a good banter together. They must share a synergy.” headtopics.com
A post shared by Monopolesg (@monopolesg)Super Tuscan producer Antinori, he said, was secured after a courtship of many years. Other brands such as Sancerre-based producer Henri Bourgeois and prestigious Spanish wine producer Vega Sicilia heard of his portfolio and approached him. “We were lucky they landed on our laps. When such brands come to you and say they are available for representation, you don’t say no. These are the brands that make perfect sense,” he said.
While B2B remains Monopole’s core business, it also has a direct-to-consumer arm, Vintage Fine Wines, an e-commerce platform. Users have to create an account to purchase wines.Chong said Vintage Fine Wines was developed because he felt his wine brands had a lot unique offerings that would appeal to private collectors more than restaurants.
“For some wines, the restaurants may not have the appetite to take them on because the vintages could be too young or the price points do not match their target audience,” said Chong. He cited the example of Vega Sicilia’s Unico Reserva Especial, a S$600 cult wine – a restaurant would usually take one case but a private collector would ask for up to five cases.
“We’ve got collectors who ask us, ‘When is the new release of the Unico Reserva Especial coming out?’”(Photo: Aik Chen)Chong noted that wine consumers in Singapore are generally divided into two types: The younger ones, who are curious and willing to explore; and the older ones who already know what they want and what to expect. headtopics.com
“With the younger consumers, they’d want to try new things but ultimately like any human being they will engage in a process of elimination and identify what they truly like. Hence, we try to have a broad spectrum of offerings in our portfolio,” said Chong.
“I believe collectors see value when they buy our wines,” he added. “I’d be very happy to have all the brands we represent in my own personal cellar. It’d be a travesty if I don’t.” Read more: CNA »
Covid-19: Coffee shops must designate ‘fixed point’, such as drinks stall, to check patrons’ vaccination status
Tenders awarded for 7 urban farming sites on HDB carpark rooftopsSINGAPORE: Three bidders have won the right to rent seven new urban farming sites located on the rooftops of Housing and Development Board (HDB) multi-storey carparks around Singapore.
Record 1,650 new Covid-19 cases in Singapore, including 4 imported onesSINGAPORE — Singapore registered a record high of new Covid-19 cases for the second consecutive day on Friday (Sept 24) with 1,650 infections, surpassing Thursday’s record daily tally of 1,504 cases.
People aged 60 and above 'strongly discouraged' from attending religious activities: MCCYSINGAPORE — People who are 60 years old and above are
Pfizer in talks over full license for COVID-19 vaccine in SingaporePfizer Inc is in discussions with Singapore's Health Sciences Authority regarding obtaining a full license application for its COVID-19 vaccine
Singapore's current COVID-19 policies are effective, can handle surge in cases, say expertsSINGAPORE: The current spike in COVID-19 cases in Singapore is higher than anticipated, but the Government\u0027s policies are effective and should be able to manage the surge, experts told CNA. \u0022Singaporeans and foreign residents in Singapore should not be worried about the recent increase in the number o 🤔🤔🤔🤔🤔 'experts' also said 'healthy no need to wear masks'... and a lot of other things. Unless 'experts' are time travelers... I am sure we are all tired of hearing from them. So many experts around! Experts?