By Latife Hayson
4.3
88 ratings
The podcast currently has 34 episodes available.
On this episode of Napa Valley Inside Out, I’m back for Part Two of my interview with Rob McMillan, EVP and Founder of Silicon Valley Bank’s Wine Division, based in St. Helena, Napa Valley.
His Division is regarded as the leading provider of financial services to the US Fine Wine Business. He is also the author of the highly acclaimed ‘Annual State of the Wine Industry Report”.
We talk about the threats and solutions to the long term continued success of Napa’s wine industry – finding ways to market wine to both baby boomers and younger people, and the necessity to provide different generational experiences in tasting rooms. On the issue of value, Rob tells us that imported wines represented roughly 13% of total US wine sales in the late 90’s and today that number is roughly 33-38%. He believes the top brands will continue to be successful and won’t be affected by imports, but the next level down, where the brands are not as established but still expensive will need to work harder to maintain market share. We went on to talk about the M & A cycle slowing down significantly in 2019 as many of the major buyers continue to digest earlier acquisitions and execute on new brand strategies. We finish our discussion talking about private equity investing in the industry, and Rob’s forecast for Napa’s wine industry for the next 10 or 20 years.
Meet Rob McMillan, EVP and Founder of Silicon Valley Bank’s Wine Division, based in St. Helena, Napa Valley. His Division is regarded as the leading provider of financial services to the US Fine Wine Business. He is also the author of the highly acclaimed ‘Annual State of the Wine Industry Report”, and on this episode of “Napa Valley Inside Out” we talk about how baby boomers, millennials, cannabis and much more, play into his 2019 forecast for the wine business.
This surprising conversation begins by noting a decrease in the volume of wine sales for the first time since 1993, and dives into the potential reasons behind it – from anti-health messaging and baby boomers retiring, to younger people drinking beer and spirits, high rates of debt and unemployment, thus different values and an indulgence gap. We end part one of our conversation talking about Constellation Brands, Inc. – the second largest wine company in the United States, investing $4B in Canada’s Canopy Growth Corporation, the largest cannabis producer in the world. Keep an out next week for Part Two of our interview on the State of the Wine Industry.
On this week’s episode of Napa Valley Inside Out, I sit down with Sonia Tolbert, Chief Operating Officer of Festival Napa Valley, one of the country’s premier summer destination Festivals, and one of the largest cultural institutions in Napa Valley. Sonia tells us about the extraordinary Board of Directors and sponsors that have greatly contributed to the Festival becoming the largest private funder of arts education in Napa Valley. We share our memories of some of the many highlights from the Festival's previous years, including:
We talked about the Bouchaine Young Artist Series, the tuition-free Blackburn Music Academy, Jan Shrem and Maria Manetti Shrem’s Vocal Arts Series, Sunday at the Symphony, and much more. Seal is one of the headliners so be sure check out the calendar for the many outstanding performances, luncheons, and dinners in spectacular settings. Tickets are now on sale to this year’s Festival Napa Valley. Sending a special thank you to the many generous sponsors - Mercedez Benz, Bouchaine Winery, the San Francisco Chronicle and First Republic to name a few.
Meet Mark Harmon, Founder of Auberge Resorts Collection which has resorts in the US, Mexico, Costa Rica, the West Indies, Nicaragua, Greece and Napa Valley. His father, Bob Harmon, and his partner Claude Rouas were the Founders of the world famous Auberge du Soleil in Rutherford, Napa Valley, which started out as a restaurant in 1981. Mark shares the history of how that partnership evolved and how their highly successful restaurant led to the food scene that Napa Valley is famous for today. We hear about his family’s long and illustrious history in hospitality in Napa Valley. Mark tells us about his journey from lawyer to resort developer/owner, what he loves about the creative design process, hospitality and resort management. We talk about his enthusiasm for Calistoga, which began in the 90’s when he was knee deep in concept development and design for Calistoga Ranch and the development of Solage. You won’t want to miss Marks stories - from his first memories of Napa Valley, to the fun and adventurous life he has enjoyed in the valley along with his many contributions to our superb lifestyle here. And we get a little insight into what he is thinking he would love to do next.
If you want to hear about all the changes at Solage in Calistoga & Carneros Resort & Spa in Napa, tune into this week’s ‘Napa Valley Inside Out” as Greg Flynn, Founder, Chairman & CEO of Flynn Properties & Flynn Restaurant Group gives us an update on all the new exciting changes at these two luxury resorts in Napa Valley. To say that Greg Flynn is a success would be an understatement. He has 3 university degrees, a restaurant group that is the largest franchise operator in the US with 40,000 employees in 30 states and $1.9B in sales, and ownership in 4 resorts in Napa Valley, Telluride and Mexico, not to mention an enviable commercial real estate portfolio and a very long list of highly coveted Awards. Greg tells us about the luxury resorts he has invested in and how he got into the resort business through a small ownership years ago in Auberge du Soleil in Rutherford. We discuss the secrets of success in the hospitality industry and of course the new 5 star hotels that will open in Calistoga in the next few years and how wonderful they will be for the north end of Napa Valley.
If you’re thinking about getting into the wine business be sure to watch this week’s “Napa Valley Inside Out” with Jean-Noel Fourmeaux, Founder and Owner of VGS Chateau Potelle. He was sent to Napa Valley in 1980 by the French Government to be a ‘spy’ for 6 months, following the 1976 Paris Wine Tasting, also known as the “Judgement of Paris” - a landmark event that put the California wine industry and Napa Valley on the map. He was attracted to the spirit of innovation in Napa Valley and decided to stay. Jean-Noel shares his experiences in the wine business, his challenges along the way, his advice for anyone wanting to get into the business and how he has successfully built a boutique brand through all the ups and downs. He shares his surprise and excitement at the 2018 Auction Napa Valley Barrel Tasting when his latest wine ‘Fourmeaux 2016 Red Blend’ made history. His 10-case lot sold for $114,300, $11,430 per case and $952.50 per bottle. VGS Chateau Potelle set the record for the highest barrel price ever paid in the Auction’s 38 year history, surpassing the previous record by more than $40,000. You will learn about the annual trips he takes his clients on to Bordeaux, Burgundy and South Africa and the amazing experiences they enjoy with him as their host. He tells us why he prefers hillside grapes to valley floor grapes and gives us a peek inside the VGS Tasting House & Garden hospitality experience in St. Helena.
Before you build on property in the Napa Valley, particularly off the valley floor, you need to watch this week's "Napa Valley Inside Out" with my guest Joel Dickerson of Madrone Engineering. Joel is a Civil Engineer and we talk about his experiences with helping home owners in the aftermath of the October Wild Fires, Napa County’s building rules and regulations, residential permitting challenges, county zoning, the difference between standard and engineered septic systems, the many setbacks from wells, septic systems, creeks and pools to name a few. We talk about the challenges with the new road and driveway standards and the requirement for turns out and fire truck access, and we offer a little advice on power lines and tips to consider when developing a property to make your asset more appealing to insurance companies who are currently more discerning when it comes to choosing which properties they want to insure.
This week's "Napa Valley Inside Out" guest is Scott Goldie, co-owner of The Napa Valley Wine Train. Scott has over 30 years experience in real estate development and investment business experience. He and his partner Greg Brun and Noble House Hotels purchased the Napa Valley Wine Train and the 17 pieces of real estate that came with it in 2015. We talk about the partnerships they have with businesses in the community that have contributed to their success, their plans for a new hotel, restoring the historic Rutherford Train Station, all the fabulous tours you can take on the train, the Rail Arts District and much more.
Filmmakers and celebrities alike flock to the annual Napa Valley Film Festival, a celebration of film, food and wine, happening November 7- 11, 2018. Senior Marketing Manager Emma Steele joins me on "Napa Valley Inside Out" to talk about the Festival, which celebrities will be in attendance, a summary of some of the movies, current trends in the industry and how technology has changed the landscape. We talk about how they choose the 100 movies that will be shown during the Festival, the opportunities to meet the 300 filmmakers that will be in attendance and all the fabulous wine and food events, including the Festival Gala and Awards Ceremony. Emma walks us through the role of independent filmmakers, what it takes to be accepted into a film festival and how to find a voice within the space.
Robin Daniel Lail, Grande Dame of Napa Valley, returns to “Napa Valley Inside Out” for Part 2 of our interview. We dive into the sale of her family’s winery ‘Inglenook’, where she grew up which is now owned by Francis Ford Coppola, her extraordinary journey in the wine business from working with Robert Mondavi and Bill Harlan to starting her own label “Lail Vineyards’ at the age of 55. Robin shares with us the challenges of starting and owning a wine label and what it takes to be successful in the wine business.
The podcast currently has 34 episodes available.