Inflation is being aggressively combatted by the Federal Reserve Bank of the United States, which is causing the cost of living to reach record highs and shaky financial markets. The cost of borrowing is rising for consumers in numerous nations throughout the world as a result of the constant rise in interest rates. As other businesses struggle, sellers of luxury items are raising their marketing expenses. This year, St. Michelle Wine Estates Ltd. boosted its marketing spending by 15%. According to the CEO of the business, sales of wines costing more than $15 are increasing. According to Vantage Research, the industry will profit from the rising popularity of e-commerce. Some of the biggest wine markets in the world have already made significant strides toward accepting online alcohol orders.
Insider Monkey highlights the 10 best wine stocks to invest in 2022. Shares of MGP Ingredients Inc are valued “reasonably,” according to a note from Wells Fargo. Based on a 25X P/E multiple and a 17X EV/EBITDA multiple, Wells Fargo set a $126 price target for MGP stock. Incorporated in Canada in 1859, Corby Spirit and Wine Limited is a producer of wine. Its well-known brands include Mumm Champagne, Absolut Vodka, and Chivas Regal. The aggressive policy of interest rate rises by the Federal Reserve is expected to be advantageous for the corporation. A French manufacturer of luxury products, LVMH Mot Hennessy – Louis Vuitton, Société Européenne has its headquarters in Paris. Under a number of trademarks, including Ruinart, Hennessy, and Cape Mentelle, the company is well recognized for offering wine, champagne, and spirits. Tequilas, sports beverages, and wine are all produced by Splash Beverage Group Inc. The business just announced that its SALT Tequila brand will now be distributed by Central Distributors of Las Vegas. The first quarter of 2022 saw a growth in revenue of almost 80%. Eastside Distilling Inc. is a new wine business with its headquarters in Portland, Oregon, in the United States. It was founded in 2008. It offers services for canning and bottling to the beer and cider sectors in addition to selling a variety of alcoholic beverages. For more details, click the 10 Best Wine Stocks To Invest In 2022.
