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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 - Buenos Aires has launched its new handbag, The Lucky Bag, a versatile piece designed for all seasons. This timeless design features a classic saddle shape, enhanced with modern touches such as contrasting stitching and a concealed magnetic closure. The bag is available in two versions: genuine leather priced at $595 and embossed leather at $695. It will debut at NYFW in February 2022. The brand is known for high-quality craftsmanship that reflects Argentine heritage, appealing to style-conscious consumers.
Gaucho Group Holdings (NASDAQ:VINO) announced its partnership with Advertise Purple, a leading affiliate management agency, to enhance its digital advertising strategy for the Gaucho - Buenos Aires subsidiary. Advertise Purple boasts a decade of experience, having generated $1.6B in affiliate revenue. The collaboration aims to promote brand awareness and facilitate significant growth as Gaucho prepares to launch its retail location in Miami's Design District in late Q1 2022. This move is expected to position the company for exponential revenue growth in the coming years.
Gaucho Group Holdings (NASDAQ:VINO) has announced an expanded master plan for its Algodon Wine Estates in Mendoza, Argentina, covering 4,138 acres. Designed by EDSA, the plan includes an ultra-luxury 80-room hotel, additional 200 residential lots expected to generate over $100 million in revenue, and various amenities like a championship golf course and equestrian facility. The project aims to attract interest from luxury brands, positioning Algodon as a premier wellness and lifestyle destination. CEO Scott Mathis envisions the development as a response to the growing demand for quality living environments.
Gaucho Group Holdings (NASDAQ:VINO) announces a strategic partnership with 3J's Imports, enhancing the distribution of its Algodon Fine Wines portfolio in New Jersey. This collaboration is part of a broader initiative to expand the U.S. presence of its award-winning Malbec wines. The wines originate from Algodon Wine Estates in Mendoza, Argentina, known for high-quality, hand-crafted wines through microvinification. The partnership aims to leverage 3J's expertise in wine distribution to elevate the brand’s visibility and sales across the state.
Gaucho Group Holdings (NASDAQ:VINO) reported a significant financial turnaround in Q3 2021, achieving revenues of $2.6 million, a 4,242% increase from the previous year. The company also posted a net income of $931,000, equating to $0.11 per share, compared to a loss last year. Gross profit reached $2.4 million, up 11,505%. Working capital amounts to $6.2 million with stockholder equity at $17.6 million. The company is optimistic about its luxury real estate and e-commerce initiatives and anticipates strong growth in 2022 as consumer demand rebounds.
Gaucho Group Holdings (NASDAQ:VINO) has announced a new investment of $3.5 million to advance a Las Vegas project, totaling $7 million paid toward a projected $35 million commitment for a 40% ownership. The project aims to expand the Gaucho brand into lodging, hospitality, retail, and gaming sectors. The development will feature a Gaucho-branded hotel, retail store, Argentinian steakhouse, and wine bodega. Key partners in this venture include SB Architects and Mark Advent, ensuring a high-profile design and execution.
Gaucho Group Holdings (NASDAQ: VINO) has announced its first lot sale at Algodon Wine Estates, marking a significant milestone as it accepts cryptocurrency for the transaction. This step highlights the growing acceptance of digital currencies among investors seeking alternative assets amid fluctuating currency values. The estate, encompassing 4,138 acres in Mendoza, Argentina, offers luxury vineyard ownership, dining, and wellness amenities. The company also plans to enhance its appeal with additional water wells, further increasing the potential value of its plots.
Algodon Fine Wines, a premium wine brand from Argentina's San Rafael region, has launched a limited production microvinified Pinot Noir. With only 1,400 bottles available, this black label wine is set for en primeur preorders at AlgodonFineWines.com. Crafted using the microvinification process and aged in new French oak barrels for 24 months, the wine features balanced acidity and tannins. It is expected to ship in April 2022. Algodon is expanding its U.S. presence, offering a discount code for early orders and availability at various retailers.
Gaucho Group Holdings, Inc. (NASDAQ: VINO) has acquired the remaining 21% of Gaucho Group, Inc. for approximately $2 million. Following this transaction, Gaucho Group, Inc. becomes a wholly owned subsidiary, enhancing Gaucho's control over its brands Gaucho - Buenos Aires and Gaucho Casa. CEO Scott Mathis stated that the consolidation is expected to generate savings in labor and accounting costs, while also increasing revenue potential. This acquisition aligns with Gaucho's strategy for aggressive brand expansion, including the Las Vegas project.
Gaucho Group Holdings (NASDAQ:VINO) announced shareholder approval for acquiring additional land holdings in Argentina for approximately $2.4 million. This all-stock transaction involves two properties in prime locations: one generates positive cash flow through lease revenues, while the other has substantial development potential. CEO Scott Mathis highlighted the favorable valuation of the properties, allowing for future appreciation post-COVID. This acquisition aligns with the company's strategic focus on luxury real estate and aims to enhance shareholder equity.
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