Leading Wine Investment Firm Expects U.S. Business to Quadruple in Size by End of 2021 and Become Largest Investment Market
OenoGroup sets sights on North American market with plans for new U.S. headquarters in Miami by 2022
LONDON, May 20, 2021 (Newswire.com) - 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.
OenoFuture, the investment arm of OenoGroup - which also consists of OenoTrade and OenoHouse - expects to see continued growth in the U.S. market that outpaces other countries like Italy and Spain throughout 2021.
"Investments in wine have proven time and again to withstand outside influences and market turbulence," said Michael Doerr, CEO of OenoGroup. "What we're seeing now is a rise in interest from American investors who are looking to diversify their portfolios by adding a collection of fine wine that's proven to outperform annual returns from the U.S. stock market."
OenoGroup has slightly beaten the industry's annual 12% returns in recent years by equally prioritizing its OenoHouse and OenoTrade divisions. Opening this June, OenoHouse will provide a welcoming and intimate space dedicated to experiencing the world's finest wines in the heart of London while OenoTrade provides investors access to an exclusive group of individuals and companies looking to buy and sell fine wines.
"OenoGroup has spent years perfecting one of the most critical components of wine investing: the exit strategy," said Doerr. "As our clients' portfolios rise in value, oftentimes the next step is to sell portions of their assets. OenoGroup provides unparalleled options to sell assets to either other wine collectors, Michelin-starred restaurants, or to parts of the busy hospitality sector through OenoTrade."
OenoGroup currently holds offices in Bordeaux, France; Tuscany, Italy; New York, United States, Madrid, Spain; Munich, Germany; and at its global headquarters in London. Once moved to Miami, OenoGroup's U.S. headquarters will feature account managers, traders, and a dedicated space for OenoHouse events.
About OenoGroup: OenoGroup embodies everything good that the Oeno brand has come to represent. OenoFuture is our multi-award-winning investment arm with a fully managed service that is second to none. Our expert insider knowledge and investment expertise yield market-beating profits, putting us at the cutting edge of a fast-paced market. Closely linked to OenoFuture is OenoTrade, which connects the novice or seasoned wine investor with the private trade sector. The final element of the trinity is OenoHouse. It's our home, an inviting space for our clients and city workers to mingle with like-minded individuals. Here, guests can enjoy the finest of wines in an elegant setting unrivaled anywhere in the world.
Contact: Steve Doty