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As Wine Investments Soar in European Markets, Leading London Wine Investment Firm Expects Rapid Fourth Quarter Expansion in US
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As Wine Investments Soar in European Markets, Leading London Wine Investment Firm Expects Rapid Fourth Quarter Expansion in US
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Steven Spurrier posthumously awarded The 2021 Oeno Golden Vines Honorary Award
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LONDON, May 20, 2021 /PRNewswire/ OenoGroup, a leading wine investment firm, today announced that it projects the United States market to quadruple in size and outpace all other countries to become the largest wine investment market by the end of 2021. To handle its projected expansion, OenoGroup also announced plans to relocate its New York office to Miami by early 2022 where the company can have a larger team in place with a dedicated space to introduce clients to new wines.
The announcement comes as U.S. stock markets continue to see the impacts of COVID-19 restrictions, political turmoil, and cryptocurrencies. Despite the chaos of global markets, wine investments continue to see annual returns of 10-15%, making for a diverse and COVID-proof portfolio.