Martha Stewart has added her own label of wine to her empire wither her Martha Stewart Vintage. The website Luxist has stated that "the first launch of 15,000 cases includes three wines: a 2006 Sonoma County Chardonnay, 2005 Sonoma County Cabernet Sauvingon and 2006 Sonoma County Merlot." Martha Stewart's afforadable vintage wines will cost around $15 and will be available in limited states including Denver, Phoenix and Portland, Oregon.
Implications - Even after serving time in prison, Martha Stewart seems to still stand strong. She has an enormous business empire under her belt and has done extremely well for herself. Surely these wines will be just as fantastic as her other products.
Martha Stewart's Wine Business
Affordable Vintage Line
Trend Themes
1. Affordable Vintage Wines - The trend towards affordable vintage wines is on the rise, with entrepreneurs having an opportunity to capitalize on this trend by creating more low-cost options for consumers.
2. Celebrity Wine Labels - The trend of celebrities starting their own wine labels has been growing, creating a market for entrepreneurs to explore partnerships with high-profile individuals to create their labels.
3. Direct-to-consumer Sales - Direct-to-consumer sales of wine are increasing, creating an opportunity for entrepreneurs to build online wine shops and cater to the tastes and preferences of customers.
Industry Implications
1. Wine Industry - The wine industry is experiencing a trend towards affordability and celebrities launching their labels, creating an opportunity for entrepreneurs to enter the market with products that cater to this demand.
2. E-commerce - The trend of direct-to-consumer sales of wine means that e-commerce platforms that make it easy for customers to find and purchase wines online have a massive potential for growth.
3. Celebrity Endorsements - The trend towards celebrity wine labels creates opportunities for entrepreneurs to partner with high-profile individuals, leverage their endorsements and create more products within this space.