Surging English Sparkling Wine Sales Gives Chapel Down New Impetus - BitcoinEthereumNews.com
KabuhayanAng Lumalakas na Pagbebenta ng English Sparkling Wine ay Nagbibigay ng Bagong Impetus sa Chapel04 / 29 / 2022Balita ng Ethereum ng Bitcoin Chapel Down intends to be at the forefront of the English wine-making market. Chapel Down The largest wine maker in England is banking on strong growth in the sparkling category in the coming years as the U.K. and export markets come out of the pandemic in search of something refreshing and new. Chapel Down, which turned a 2020 loss into a tidy operating profit of just over $1 million (£843,329) last year, is among wine makers such as Nytimber, Rathfiny, Ridgeview and Tinwood that are riding a wave of interest in English wine-making, 70% of which is now taken up by sparkling production. Kent-based Chapel Down, saw still wine sales increase by 17% in 2021, but sparkling volumes grew at more than double that pace, up 39%. This reflected rising demand for bubbles as pandemic pains eased, but also renewed focus by Chapel Down in this segment. CEO Andrew Carter warned that in 2022 total wine volumes “will be lower” due to much weaker grape yields in 2021, down about 30% industry-wide, but he added: “We forecast continued 2022 revenue growth and higher