Gaucho Group Holdings, Inc. Receives Notice of Allowance on Trademark Applications Under Gaucho - Buenos Aires(R) Brand to Include Hospitality And Gaming

Rhea-AI Summary

Gaucho Group Holdings, Inc. (NASDAQ:VINO) has announced its trademark application for Maison Gaucho™ has received a Notice of Allowance, expanding its luxury offerings into classes related to casinos, hotels, and restaurants. This brand extension aims to enhance customer engagement and reach new demographics. Additionally, the company has committed $35 million for a 40% stake in a Las Vegas project that includes a Gaucho-branded hotel and dining experiences. Founder Scott Mathis expressed optimism about this strategic expansion, which could significantly enhance the company's growth potential.

Positive

• Trademark allowance for Maison Gaucho™ introduces new business categories.
• Strategic expansion into hospitality and gaming sectors through Las Vegas project.
• Potential to enhance brand recognition and customer engagement.

Negative

• None.

Sub-Brand "Maison Gaucho™" to Serve as Potential Brand Extension into Other Business Categories and Opportunity to Reach New Audiences

MIAMI, FL / ACCESSWIRE / September 27, 2022 / Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced its trademark application for MAISON GAUCHO™ has received its Notice of Allowance (NOA) for the categories of Class 41 - Casinos; Night club services; Dance club services, and Class 43 - Hotel accommodation services; Restaurant services; Bar services; Bar and cocktail lounge services.

Maison Gaucho™ is the high design, high style component of the Argentina luxury fashion brand Gaucho - Buenos Aires™ (GAUCHO.com). The line offers unique, handmade pieces showcasing elevated looks for style conscious people who value being fashion forward. Founded by entrepreneur Scott Mathis and headed up by Argentine Creative Director Lautaro De la Peña, Gaucho - Buenos Aires® blends the quality of a bygone era with a sophisticated, modern, global outlook. The brand's beautifully handcrafted clothing and accessories herald the birth of Argentina's finest designer label.

Gaucho - Buenos Aires® embodies the spirit of Argentina -- its grand history, its folklore and its revival as a global center of luxury. Inspired by the sophisticated elegance of the great European maisons, Gaucho - Buenos Aires™ is also rooted in the traditions of native, nomadic culture. With its ambitious couture, ready-to-wear and high-street fashion offering, this is the brand in which Argentine luxury finds its contemporary expression.

In addition, Gaucho Holdings announced last year its commitment of $35 million to LVH Holdings LLC for a 40% ownership in a project located in Las Vegas, Nevada, that would include opportunities in lodging, hospitality, retail and gaming. Gaucho Holdings' brands are intended to be featured prominently in the project, including the development of a Gaucho-branded boutique hotel, hospitality lodging with residential leasing, a well-appointed Gaucho retail store featuring Gaucho's fine leather goods & accessories, as well as an Argentinian steakhouse with the potential curation of a tango show. Additionally intended is a wine bodega featuring Gaucho Holdings' high end wine brand Algodon Fines Wines, which are produced at its 4,138 acres winery in San Rafael, Mendoza, Argentina.

Scott Mathis, Gaucho Group Holdings 's Founder, Chairman and CEO, commented on the trademark filing; "By incorporating Maison Gaucho™ into the Gaucho - Buenos Aires® brand architecture, we see this as an opportunity to expand Gaucho's reach into other retail and experiential categories, thereby building stronger bonds with our existing customer base as well as reaching a broader range of potential customers and new niches. We are intent on elevating Gaucho to the status of being a world recognized brand. As we continue to introduce Argentina DNA to the Unites States, such as our newly opened flagship store in Miami's Design District, as well as our upcoming Las Vegas project that would expand the Gaucho brand in ways that could include opportunities in lodging, hospitality, retail, and gaming, our plan for Gaucho's future is an ever-growing and evolving business." Also adding, "We anticipate making further announcements on our Las Vegas agreement with LVH, which, if successful could have a transformational effect on our value and growth potential in the coming years. Please stay tuned as these and other opportunities unfold."

Please visit GAUCHO.com today to sign up for fashion news, behind-the-brand stories, exclusive invitations, and special access to wait lists and pre-ordering.

About Gaucho - Buenos Aires®

Gaucho - Buenos Aires® is a fashion brand inspired by our modern interpretation of the inimitable spirit of the gaucho-the storied Argentinian wanderers and adventurers who embraced life boldly and confidently. Gaucho - Buenos Aires® 's leather goods, accessories, and ready-to-wear fashions are made for dynamic global citizens who live authentically and freely and explore the modern world with passion and curiosity. Our styles are made to last, with timeless essentials and an unparalleled dedication to quality. Each handcrafted piece blends the heritage of Argentina-with its artisanal craftsmanship passed down through generations and the finest local materials-with modern, cosmopolitan style, designed to fit your life. The result are pieces that are unique, unforgettable, and authentically individual-Buenos Aires' finest designer label. Gaucho - Buenos Aires™ is part of Gaucho Group Holdings, Inc. (gauchoholdings.com), which crafts luxury experiences, properties, and products that celebrate the vibrant and distinctive Argentinian lifestyle. To learn more, visit gaucho.com

About Gaucho Group Holdings, Inc.

For more than ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com) mission has been to source and develop opportunities in Argentina's undervalued luxury real estate and consumer marketplace. Our company has positioned itself to take advantage of the continued and fast growth of global e-commerce across multiple market sectors, with the goal of becoming a leader in diversified luxury goods and experiences in sought after lifestyle industries and retail landscapes. With a concentration on fine wines (algodonfinewines.com & algodonwines.com.ar), hospitality (algodonhotels.com), and luxury real estate (algodonwineestates.com) associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires® (gaucho.com), these are the luxury brands in which Argentina finds its contemporary expression.

Cautionary Note Regarding Forward-Looking Statements

The information discussed in this press release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. Refer to our risk factors set forth in our reports filed on Edgar. The Company disclaims any obligation to update any forward-looking statement made here.

Media Relations:

Gaucho Group Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
rstear@gauchoholdings.com

SOURCE: Gaucho Group Holdings, Inc.

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FAQ

What is the significance of the trademark allowance for Maison Gaucho™?

The trademark allowance allows Gaucho Group to expand its offerings into hospitality, gaming, and restaurant services.

How much has Gaucho Group invested in the Las Vegas project?

Gaucho Group has committed $35 million for a 40% ownership stake in the Las Vegas project.

What opportunities does the Las Vegas project include for Gaucho Group?

The project includes a Gaucho-branded hotel, restaurant services, and retail opportunities.

How might the Maison Gaucho™ brand impact Gaucho Group's future?

The brand extension aims to reach new audiences and strengthen connections with existing customers, enhancing growth potential.