Current News

  • Press Releases  |  04.13.2018
    Algodon Wines & Luxury Development Group Partners with Wally’s Wine and Spirits for California Distribution

    NEW YORK, NY – April 13, 2018 – Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a collection of luxury assets, real estate holdings, and premium wines in Argentina, has partnered with Wally’s Wine and Spirits, a leading purveyor of wine and spirits in the greater Los Angeles area, to expand distribution of Algodon Fine Wines’ portfolio of award-winning Malbec wines throughout California.

    Wally’s Wine and Spirits was founded in 1968, in 2013 Paul and Maurice Marciano, founders of the iconic denim lifestyle brand GUESS, partnered with Christian Navarro, “the wine therapist to the stars” to purchase Wally’s Wine and Spirits. In December 2014, they expanded Wally’s into a second location in Beverly Hills, also adding on a gourmet food store, a highly acclaimed wine tasting bar, and an award-winning restaurant.

    In December of 2017, Algodon Fine Wines began selling at both the Los Angeles and Beverly Hills Wally’s locations as well as on their website, A formal Algodon launch dinner will be held in Los Angeles in late May for Algodon Fine Wine’s partners, investors and enthusiasts.

  • Industry News  |  04.03.2018
    Sam Zell and Goldman Sachs Invest in Argentine Real Estate

    A venture led by Sam Zell’s Equity International and Goldman Sachs (GS +0.95%) Group Inc. is investing more than $300 million in Argentine real estate, a vote of confidence in the economic overhaul being pursued by the three-year-old government of Mauricio Macri.

  • Press Releases  |  3/27/2018
    Algodon Wines & Luxury Development Group Receives Deed Approvals for Algodon Wine Estates Lots

    Algodon Wines & Luxury Development Group Receives Deed Approvals for Algodon Wine Estates Lots
    Algodon to Record First Lot Sale Revenues of Approximately $870,000

    NEW YORK, NY--(NEW YORK, NY--(March 27, 2018) - Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a real estate development brand with luxury lifestyle assets and premium wines in Argentina, today announced that it has received deed approval from the Cadastral Agency of Mendoza for certain Phase 1 lots on the Algodon Wine Estates property. All figures below are estimated in U.S. dollars, which are subject to currency fluctuations.

    Algodon Wine Estates, spanning four phases of development, includes approximately 350 planned lots ranging from .5 to 7 acres, with 97 lots from Phase 1 of the master plan currently available for private sale and development. Revenues for each lot sale can only be recognized once the lots are deedable and final deeds are delivered to the buyers. Certain of the Phase 1 lots on Algodon Wine Estates' property were deeded and sold to buyers, representing $870,000 in recognizable revenues in Q1 2018. As part of these deed approvals, Algodon successfully delivered on all infrastructure requirements for the property as specified by the Cadastral Agency of Mendoza.

    In Q2 2018, Algodon expects to be approved for deeding another 19 Phase 1 lots, and in the next 12 months, expects to deed the remainder of the 97 Phase 1 lots.

  • Press Releases  |  1/29/2018
    Huffington Post Highlights Algodon Mansion in Review of Luxury Buenos Aires Hotels

    Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a real estate development brand with luxury lifestyle assets and premium wines in Argentina, today announced that Algodon Mansion has been featured in an article by Huffington Post.


    The article, A Luxury Stay in Buenos Aires| Five Hotels, Five Personalities, provides an overview of five luxury hotels in the city that “embody the breadth and diversity of options for accommodations in contemporary Buenos Aires.”  The five hotels include: Algodon Mansion, Palacia Duhau - Park Hyatt Buenos Aires, Faena Buenos Aires, Hotel Club Frances, and Alvear Palace. 

  • Industry News  |  1/13/2018
    Macri ally gains ground in Argentina Senate election against Fernandez

    BUENOS AIRES (Reuters) - Argentine President Mauricio Macri’s favored candidate is gaining ground against former populist leader Cristina Fernandez in a closely watched Senate race in the country’s largest province of Buenos Aires, sources from both parties and two analysts said.

  • Press Releases  |  12/01/2017
    Algodon Fine Wines Wins Gold at the 2017 New York World Wine & Spirits Competition

    NEW YORK, NY--(Marketwired - December 01, 2017) - Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a real estate development brand with luxury lifestyle assets and premium wines in Argentina, has been awarded a gold medal at the 2017 New York World Wine & Spirits Competition for its 2014 Bonarda.

  • Press Releases  |  11/17/2017
    Algodon Fine Wines Rolls Out Portfolio of Malbec Wines with Sherry-Lehmann in New York and Surrounding East Coast States

    NEW YORK, NY--(November 17, 2017) - Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a real estate development brand with luxury lifestyle assets and premium wines in Argentina, has commenced the rollout of its Malbec wines with Sherry-Lehmann Wine & Spirits, a leading wine and spirits merchant, now bringing Algodon Fine Wines' portfolio of award-winning Malbec wines produced in the San Rafael, Mendoza wine region of Argentina to select cities on the East Coast of the United States. To order your favorite Algodon Fine Wines, please visit

  • Industry News  |  10/13/2017
    The Argentine Stock Exchange was the best option in the world, 47% in dollars

    Investing in the Argentine Stock Exchange was the best option so far this year, but not only in Argentina but worldwide, since the Merval was the index that rose the most globally: 47% in dollars against 35% of Chile, 32% of Greece, 27% of Brazil, 26% of Mexico and 25% of Germany.

  • Industry News  |  10/12/2017
    GM & its suppliers to invest us$500 M in Argentina to produce new model

    General Motors will invest us$300 million while its supplier network will invest us$200 million at the Alvear plant operations through 2019 to prepare to produce a new Chevrolet model in 2020. The company invested other us$740 million in the plant between 2014 and 2016.

  • Industry News  |  10/08/2017
    Macri's Coalition Poised to Win Key Argentina Midterm Vote: Opinion Polls

    BUENOS AIRES (Reuters) - Argentine President Mauricio Macri's business-friendly coalition is poised to win an important Senate seat in two weeks, opinion polls showed on Sunday, potentially damaging former populist President Cristina Fernandez's attempted comeback.

  • Industry News  |  10/06/2017
    Argentina: Installed capacity reached 67.3%, the highest level in 2017

    The utilization of the installed productive capacity in the industry in August was 67.3%, which represented an increase of 2.2% compared to July and 3.7% compared to the same month of 2016, reported the INDEC (National Institute of Statistics and Censuses)

  • Industry News  |  10/05/2017
    Photographer: Erica Canepa/Bloomberg Appetite for Argentina Pushes $3.5 Billion IPO Pipeline Boom

    Argentina’s equity markets are gaining momentum, with $3.5 billion ready to go public as some of the country’s largest companies look to raise capital for the first time.

  • Press Releases  |  10.03.2017
    Algodon Wines & Luxury Development Group Holds Annual Stockholder Meeting

    NEW YORK, NY--(Marketwired - October 03, 2017) - Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a luxury lifestyle and real estate development brand with premium wines in Argentina, held its annual stockholder meeting on September 28, 2017. Algodon's stockholders approved, among other proposals, the election of two new directors, Marc Dumont and Steven Moel to serve on its Board of Directors for a three-year term effective upon the listing of Algodon's common shares to a national exchange in the United States. Scott Mathis, Julian Beale, and Peter Lawrence, the Company's current directors, were also re-elected to the Board of Directors for a three-year term to serve until the 2020 annual meeting of the Company's stockholders.

  • Industry News  |  10/03/2017
    Argentine stocks rise for 13th straight session, hit record high

    BUENOS AIRES, Oct 3 (Reuters) - Argentina’s leading Merval stock index rose for a 13th straight session on Tuesday, the longest streak in its history, as growth picks up and polls show the market-friendly government is likely to win in October’s legislative elections.

  • Industry News  |  10/02/2017
    No. 1 Bond Salesman in Emerging Markets Wants a Tad More Respect

    Luis Caputo is getting frustrated with the bond market.


    He’s guarded about it—he has to be. After all, he’s the finance minister of Argentina, the biggest bond issuer in the developing world, which means he’s constantly hitting up investors for cash. But the tension comes out deep into an hourlong interview in his Buenos Aires office. Why is it, the former Wall Street banker wants to know, that the investing community doesn’t appreciate all that the country has achieved?

  • Industry News  |  9/28/2017
    Argentina's Economy Has Turned the Corner, Macri Says

    After less than two years in office, President Mauricio Macri says Argentina’s economy has turned a corner with single digit inflation now within sight for the first time in more than a decade.

    The president’s decision to open up the country after years of isolation, slashing subsidies and import tariffs and freeing up the exchange rate, has produced a “cultural change that is deep and constant,” Macri said in an interview Thursday.

  • Industry News  |  9/11/2017
    Inter-American Development Bank to increase loans to Argentina

    BUENOS AIRES, Sept 11 (Reuters) - The Inter-American Development Bank (IADB) will likely lend more to Argentina between 2016 and 2019 than the $6 billion initially anticipated, Finance Minister Luis Caputo said on Monday, as the country ramps up borrowing and infrastructure investment.

  • Industry News  |  9/04/2017
    Argentina 2017 growth seen slightly higher at 2.8 percent: poll

    BUENOS AIRES (Reuters) - Growth expectations in Argentina for 2017 rose slightly to 2.8 percent from 2.7 percent a month earlier, while expectations for 2018 remained steady at 3 percent, a poll of 54 economists published by the central bank on Monday showed.

  • Industry News  |  9/03/2017
    Argentina's Mauricio Macri puts bad days in the rearview mirror, but a familiar foe looms

    More and more, it's looking as if Argentina's worst days are in the rearview mirror, a decade and a half after its calamitous sovereign default burned investors and hobbled its economy for years.

  • Industry News  |  8/30/2017
    Argentina: Biotechnology could generate more than us$ 760 M in investments

    Mauricio Macri signed an agreement with the biotechnology sector that has the potential to generate us$ 760 M in investments, as both parties have estimated. The joint work agenda sets out to boost the activity, the scientific and technological transfer to the productive system and generate quality jobs. Promoting biotechnology means for Argentines to have access to better medicines, vaccines, safe foods and fuels. Argentina is a regional benchmark in biotechnology development, with local innovations that transcend borders and companies that achieved internationalization.

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