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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 (NASDAQ: VINO) announced its participation in the LD Micro Invitational XI Investor Conference on June 9, 2021, at 5:00 pm ET. The presentation will be led by CEO Scott Mathis and CFO Maria Echevarria. The conference will feature around 180 companies, each presenting for 25 minutes. Investors can register to attend and view the presentation via a provided webcast link. Gaucho Group focuses on e-commerce in fine wines, luxury real estate, and consumer goods, aiming to become a leader in diversified luxury offerings.
Gaucho Group Holdings (NASDAQ:VINO) has appointed A. William "Bill" Allen to its Board of Directors, citing his extensive expertise in leisure, hospitality, and food service industries as key to the company's growth strategy. Allen's background includes leadership roles at Bloomin' Brands and La Madeleine, highlighting his capabilities in managing large-scale operations and brand development. The company aims to leverage Allen's insights to expand its brand collections and enhance shareholder value while pursuing strategic market growth.
Gaucho Group Holdings (NASDAQ:VINO) announced the opening of its flagship store in Miami's Design District for its leather goods brand, Gaucho - Buenos Aires. This 1,500 square-foot retail space is positioned among luxury brands like Gucci and Chanel, aiming to enhance customer experience and showcase the Argentinian lifestyle. The new location will support Gaucho’s global e-commerce strategy, allowing direct engagement with its luxury offerings, including fine wines and real estate. CEO Scott Mathis expressed optimism about rising consumer spending in a post-COVID era.
Gaucho Group Holdings (NASDAQ: VINO) announced the acceptance of Bitcoin as payment for purchasing homesites in its Algodon Wine Estates project, enhancing investment options amidst growing digital currency acceptance. CEO Scott Mathis highlighted potential inflation concerns due to COVID-19 measures, positioning real estate as a diversification opportunity. Algodon Wine Estates spans 4,138 acres in Mendoza, Argentina, featuring a luxury resort and award-winning wines, reinforcing Gaucho's commitment to capitalize on Argentina’s luxury market.
Gaucho Group Holdings (NASDAQ:VINO) has appointed Marc Dumont to its Board of Directors, bringing over 30 years of experience in the wine industry and corporate finance. Dumont is the owner of Chateau de Messey Wineries and has held senior positions in various companies, including PSA International SA. He believes that the devaluation of the Argentine Peso presents growth opportunities for the company’s investments, particularly in vineyard properties. CEO Scott Mathis stated that Dumont's expertise aligns with the company's goal of expanding its luxury brand portfolio.
Gaucho Group Holdings (NASDAQ:VINO) has finalized the payment for a significant land acquisition adjacent to Algodon Wine Estates in Mendoza, Argentina, expanding its estate to 4,138 acres. This new 845-hectare parcel enhances the potential for vineyard lot sales, estimating total revenue exceeding $100 million. The company controls its assets outright, offering financing options to buyers, which generates additional interest income. Future developments may include private villas and expanded vineyard operations, reinforcing Algodon's market position in luxury real estate and fine wines.
Gaucho Group Holdings (NASDAQ:VINO) announced Edie Rodriguez's appointment to its Board of Directors. Rodriguez brings over 30 years of experience in luxury travel and hospitality, having served as Chairwoman for a leading luxury cruise line and as CEO of Crystal Cruises. Her extensive background includes advisory roles for the Saudi Public Investment Fund and the Saudi Tourism Authority. CEO Scott Mathis highlighted that Rodriguez's expertise aligns with the company's growth goals, particularly in the luxury real estate sector in Argentina's Mendoza region. This strategic addition aims to enhance Gaucho's positioning in the global luxury market.
Gaucho Group Holdings, Inc. (NASDAQ:VINO) announced the closing of an underwritten public offering of 1,333,334 units, each consisting of one share of common stock and one common stock purchase warrant, priced at $6.00 per unit. This results in total gross proceeds of $8,000,004 before expenses. The offering was effective as of February 16, 2021, with Kingswood Capital Markets serving as the bookrunning manager. The stock began trading on the Nasdaq on February 17, 2021. More information is available in the final prospectus filed with the SEC.
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.
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