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Gaucho Group Holdings Inc develops and operates real estate projects in Argentina. It operates a hotel, golf and tennis resort, vineyard and producing winery in addition to developing residential lots located near the resort. The company operates in three segments which are the business of real estate development and manufacture; the sale of high-end fashion and accessories through an e-commerce platform; corporate operations. It derives majority of its revenue from the Real Estate Development segment.
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, hospitality, and luxury real estate associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires®, these are the luxury brands in which Argentina finds its contemporary expression.
Gaucho Group Holdings, Inc. (NASDAQ:VINO) has priced an underwritten public offering of 1,333,334 units at $6.00 each, aiming for gross proceeds of $8,000,004. The offering includes an option for underwriters to purchase an additional 199,999 units. Trading of VINO shares began on February 17, 2021, after receiving approval for listing on the Nasdaq Capital Market. The SEC declared effective a registration statement for these securities on February 16, 2021, with the final prospectus expected soon.
Gaucho Group Holdings (OTCQB:VINO) announces that its luxury leather goods label, Gaucho - Buenos Aires, will now be available on Amazon. This move enables Gaucho to tap into Amazon's vast e-commerce market, which holds over 45% of the online retail space in the U.S. The brand aims to enhance its Amazon storefront significantly in the coming months. CEO Scott Mathis expressed excitement for expanded e-commerce opportunities and intends to leverage the devaluation of the peso to boost sales across U.S., Europe, and Asia.
Gaucho Group Holdings (OTCQB:VINO) announces a successful initiative by its subsidiary, Algodon Wine Estates, completing the first of multiple water wells at its estate in Mendoza, Argentina. This effort aims to enhance the property's value, facilitating future developments and expansion of vineyards and amenities. The company plans to drill six more wells to access natural aquifers, crucial for the estate’s growth. The initiative aligns with increased consumer interest in wellness and outdoor living, positioning the estate as a desirable residential community.
Gaucho Group Holdings (OTCQB:VINO) has partnered with Skoog Co. to enhance its brand strategy and communications. This collaboration aims to position Gaucho as a luxury lifestyle brand in the U.S. and globally, showcasing Argentinian culture through innovative marketing strategies. CEO Scott Mathis emphasized the synergy between both companies, particularly as Gaucho shifts focus towards direct-to-consumer and e-commerce sales. The company aims to leverage its diverse offerings, including fine wines, hospitality, and luxury goods, to strengthen its market presence.
Gaucho Group Holdings (OTCQB:VINO) has appointed David Gilmour, founder of Fiji Water, to its Board of Advisors. Gilmour will provide guidance on consumer products, hospitality, and marketing as the company aims to expand its global reach and launch new health and wellness products in 2021. Gilmour's experience with premium brands and health initiatives aligns with Gaucho's focus on quality and wellness. CEO Scott Mathis expressed confidence that Gilmour's expertise will foster significant growth in the company’s health and wellness sectors.
Gaucho Group Holdings (OTCQB: VINO) announced the incorporation of its wine brand Algodon Fine Wines into Vivino, the largest online wine marketplace. This strategic addition enhances Algodon’s global presence and allows access to Vivino's vast user base of over 45 million wine enthusiasts. The move aims to capitalize on the accelerated e-commerce growth driven by the COVID-19 pandemic. Algodon, established in 2007, is recognized for its premium Malbec-based wines and boasts numerous awards, including Gold Medals from elite competitions.
Gaucho Group Holdings (OTCQB:VINO) announced that its luxury development, Algodon Wine Estates, was highlighted in a New York Times real estate article. This expansive 4,138-acre property in San Rafael, Mendoza, Argentina, features a nine-hole golf course, tennis courts, and an on-site winery. Home sites range from 21,527 sq. ft. ($105,000) to nearly seven acres ($785,000), with construction costs around $80 per sq. ft. The community attracts international buyers and aims to become a premier wine and wellness destination.
Gaucho Group Holdings (OTCQB:VINO) announced the grant of a trademark registration for its brand Gaucho - Buenos Aires from the United States Patent and Trademark Office (Registration No. 6043175). This trademark covers luxury goods such as apparel, leather accessories, and wine. Founder Scott Mathis expressed enthusiasm about this achievement, viewing it as a significant step towards becoming Argentina's top luxury fashion brand. The company aims to expand its e-commerce initiatives and product collection, including jewelry and cosmetics, with additional trademark applications pending.
Gaucho Group Holdings (OTCQB:VINO) has appointed Reuben Cannon as a Class I independent director of the Board. Mr. Cannon, a Hollywood producer and casting director with over four decades of experience, has been an advisor to the company for more than ten years. His expertise aims to enhance the promotion of the company’s luxury brand goods. CEO Scott Mathis expressed confidence that Cannon's creativity and audience connection will help improve Gaucho Holdings' brand value and growth trajectory.
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