In addition, the segment was negatively impacted by timing of our B2B business transactions, mainly in Germany. I was 13.' Too short to portraits, too long to be soundbites, there but glimpses of greatness and, of course, bottles full of it, too. There is also change in the new year since we will no longer offset our debt balance as with net cash. He shared it with News 8, hoping to find who left it behind. It was a . Mariela Matute -- Chief Financial Officer. YEAH. So we -- obviously, let me just start with the most important thing. With just three weeks left until the three-part exam (theory, service, and blind tasting), the audience begins to see the lifestyle this exam forces on its subjects. "[12], The film was named best documentary feature at the 2013 San Luis Obispo Film Festival. Somm: Into the Bottle is much more explicitly about wine and its wonders. I co-founded Wine Folly to help people learn about wine. Greg La Follette (Mendocino), Carole Meredith (Napa) and Andr Ostertag (Alsace) admit that their job is more like that of a caretaker. Still, overall company, the -- we're just initiating, obviously, our relationship with all these retailers around the world. Directors Jason Wise Starring Ian Cauble, Fred Dame, Geoff Kruth Genres Documentary What goes on in the cellar? So we expect to continue to generate cash as a company, and then the bank agreement will now allow us to continue the turnaround plan for the year 2023. By the end of the program, we expect to realize more than $60 million in annual cost savings. Because you did make some comp plan changes, and I know it was like a matter of time before those kind of got settled out and stuff. Good morning, everyone. And clearly, with the amendment, you've got a little bit more breathing room over the coming years. We will protect gross margins with additional price increases as necessary. Ian Cauble comes prepared with a suitcase full of 16 pounds of wine for review. For some reason, Wise thinks it adds immensely to the experience if, at every opportunity, some guy opens an extremely rare bottle of wine, mentions how rare it is, then drinks it and contorts his face in ecstasy. [4] In 2019, SOMM TV was launched by creator Jason Wise with original shows.[5]. Got it. News 8 was there for the reunion.It was a long and unexpected journey that brought the Moore family back to Fowlers Hollow State Park on Tuesday.Months earlier, Joe Frassetta spotted a glass bottle there with a decades-old message inside. I THINK ITS GREAT. Thanks, Mariela. Another interesting bit of history - the two World Wars put a major dent in the production of wine from France, Spain and Italy. OK. And then I think in the past, Mariela, maybe you had mentioned or talked about a little bit like some IT investments in things like that that needed to be done in the company. In fact, the number of our markets reporting B2B activity in 2022 was 22 markets. THATS PRICELESS. Understood. Additional disclosures regarding these non-GAAP measures, including explanations and reconciliations of these measures to the most comparable GAAP measures, can be found in today's press release. 6.9 1 h 30 min 2018 16+. There are no further questions at this time. We have plans to repeat that reduction in the coming quarters. Please review the forward-looking statement disclosure on Page 5 of today's press release. Whereas SOMM was focused tightly on the micro, profiling a ragtag friend-group of aspiring master sommeliers, SOMM: Into the Bottle zooms out on the subject to provide an engrossing overview of the macro a history of wine production and the world of wine itself. In a coda to the film, one year later Ian reattempts the exam and becomes the 197th Master Sommelier, and DLynn is still busy studying. "[10] The NY Post praised the film for doing "..a fairly impressive job of making wine tasting somewhat cinematic despite its being essentially unfilmable. 'SOMM: Into the Bottle' brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. [Operator instructions] Your first question comes from the line of Anthony Lebiedzinski with Sidoti. Instead, Wise breaks down wine into 10 chapters, which he laboriously trots through. As far as the tax rate, obviously, was elevated, what's kind of the right way to think about the tax rate for 2023? But the passage of time has rendered these characters much more interesting. Tupperware Brands (TUP) Q3 2022 Earnings Call Transcript, Why Tupperware Brands Soared 19% Higher Today, Why Tupperware Brands Stock Jumped 30% on Wednesday, Tupperware Brands (TUP) Q2 2022 Earnings Call Transcript, Why Tupperware Stock Blasted 16% Higher Today, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, Why Virgin Galactic Stock Crashed This Morning, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. "Oh, yeah, that's my handwriting," Donna Moore said. [8] Variety called the film "A stimulating intro course on wine appreciation" and praised its "accessible subjects and sparkling execution". "Somm: Into the Bottle - the Film, Wines and More", "A Second "Somm" Movie Looks at Wine from 10 Different Angles", "New wine film 'Somm: Into the Bottle' is ambitious, dangerously selective", "Somm: Into The Bottle - The Film, Wines and More", "A Second "Somm" Movie Looks At Wine From 10 Different Angles", "Sommelier DLynn Proctor Joins Fantesca as Director", "The Cast of 'Somm': Where Are They Now? We will be available for Q&A following our prepared remarks. And there they were drinking a bottle of wine that was over 145 years old! ), One grown-ass womans descent into the soul of the American teen on their home turf: the mall food court, The Next Era of American Fine Dining Is Here, Care of West Africa, Chefs are spotlighting their culinary heritage on tasting menus, at buzzy pop-ups, and at new restaurants across the country, Debbi Fields, the founder of Mrs. Fields, has been called both a "feminist American dream" and a "good-looking front" for a multimillion-dollar brand. So you'd think I'd be happy that Wise shifts his lens away from them. We should also benefit from the recent returned in-person events since that's where recognition and training is most effective. It seeks to render these men retroactively sane by showcasing the manifold wonders of wine. Every one of them has a different motive for wanting to pass, whether it is for their wifes sake, an obsession with the idea of passing, or simply wanting to be seen as the most dapper guy in a restaurant. Our story Email Us Call Us: 248.387.9826, USA TODAY • L.A. Times • CBS Detroit • Crains Detroit Business • Corp Magazine. In our new amended credit agreement announced this week, our maximum leverage ratios increased. *Stock Advisor returns as of February 8, 2023. eastern time, and the 2023 first quarter is tentatively scheduled for May 10. EVERYTHING THAT WAS SAID JUST STARTED TO ADD UP. We meet Jean-Louis Chave, the winery to know on Hermitage hill in the Northern Rhne (land of French Syrah). Pricing accounted for an 8% benefit, which was more than offset by a decline in unit volume of approximately 22%. "Somm: Into the Bottle" brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. So sit back, open a bottle and enjoy as we take you "into the bottle" and back again. Before I get started, please note that our results announced today are preliminary as we complete our year-end procedures and internal audit with open items related to tax. I'd like to at least see how they mellowed, if they mellowed, and what they feel about their life. Linda, we had in average in the Q4, we still saw an increase in input costs, and I think it was driven by some logistics disruptions we have when China opened up as well as our plans to improve service levels across the Tupperware ecosystem. Our trailing 12-month bank covenant leverage ratio was 4.9, within our recently amended maximum leverage ratio for the fourth quarter of 5.25. James Beard Award-winning author and Wine Communicator of the Year. Somm is a 2012 American documentary following the attempts of four candidates to pass the extremely difficult Master Sommelier examination, a test with one of the lowest pass rates in the world. While it's still early days, these initiatives help validate that our growth strategy to expand the consumer access to our products beyond the direction of distribution channel. So basically, 2022 was a really tough year from the pricing point in the U.S. As you know, we had inflations everywhere in the world, really high. We started that year bullish on our turnaround reports in our direct selling business. Got it. For 2023, we are expecting some of our resin costs to go down as well as our supply chain logistics cost, in line with what you're seeing in other industries. Thank you. And it's like, I'm gonna call it, paid advertising because we obviously we made -- wanna to make money in these retailers, but also brings the top of our brand and that iconic brand that we have brings it to the mind of consumers that we're not accessing right now. With the elimination of the virtual kits, we expect the pendulum to gradually swing back to business builders. I assiduously noted the many winemakers interviewed because to a man or woman, each seemed charming and dedicated and intriguing. He shared it with News 8, hoping to find who left it behind.Donna Moore, of York County, was watching. The film studies the role of wine in human history and its relationship to the land. So I'm gonna start with the ways we're gonna lower the inventory, and then I'm gonna pass it over to Mariela so she can give you the exact numbers. DONNA MOORE WAS WATCHING. The film takes a look at how history has impacted wine, from the Romans, to Prohibition, to the World Wars and even current events such as the Napa Earthquake. So basically, what we're doing differently this year and we started over in Q4 is that all of our promotions and all the promotional activity that we're doing, the prices that we're giving, and the incentives that we're giving to our sales force are also product that we have in inventory. In this way it is far more invested in everything wine than the first film, which was often more a foil for exploring ideas of passion, obsession, and what people do to excel - whatever the field. As we said in our last call, we look to spend an additional $100 million in rendering cost over the next three years. By region, Asia Pacific declined 19% in local currency mainly related to lower recruiting and overall sports activity. [3] Obviously, our recurring numbers are gonna go down, but the recruits that we're gonna have are business-oriented people, where they're actually gonna make money. Excited to spend into new channels of distribution, I'm cautiously optimistic that the surge of inflation in 2021 was behind us. So that has basically been proving very, very successful for us because they get a gift, and they can resell the gift, and they actually earn even more money than what they were expecting. Do you like movies about food? When you buy through links on our site, we may earn an commission. And the last chapter the Memory has an amazing story of Leon Panetta, dark lord muppet of the CIA, drinking a bottle of 1870 Chateau Lafite with legendary somm Fred Dame after killing Bin Laden from little CIA shot glasses. BLAIN, Pa. . It's a high priority for us. And the other big change came from the little guys, so the guys that are just beginning. And again, this is one of our top priorities, to lower the inventory so we can untrap that cash. COVID lockdowns in China, logistics delays that impact our product availability, higher prices, and lower consumer spending in Malaysia caused in part by removal of government subsidy in food essentials. The film also tackles wine as it intersects with politics, pleasure, world war, natural disasters, religion, and the age old question, Can a bottle be worth thousands of dollars or is it just great marketing? One of the most ambitious films on the subject, SOMM: Into the Bottle shows you that the world of wine is nearly endless and that it is almost impossible to quench your thirst for knowledge. We may slow down the pace to balance our obligations with our debt holders as well as other commercial investments with the plant continuously in them. The Master Sommelier Diploma Exam", "The Team Behind the 'Somm' Films Launched a 'SommTV' Streaming Service", "What Wine Guys Can Teach You About Being Great", "Review: 'Somm': Wine, men and one brutal test", "Raise a glass for wine documentary, 'Somm', "Sipping and Studying, When the Subject Is Bottled", "Here's the 'Somm: Inside the Bottle' Exclusive Teaser Trailer", "New Wine Film 'Somm: Into the Bottle' Is Ambitious, Dangerously Selective", "Somm 3 film review: How it compares to the first two", "Wine, Food and Travel Streaming Service Somm TV Sets 2022 Programming Slate, Including Covid Documentary 'Saving the Restaurant', "Esquire Network Unveils 2015 Upfront Lineup Bolstering Original Programming with Five New Series", https://en.wikipedia.org/w/index.php?title=Somm_(film)&oldid=1112508764, This page was last edited on 26 September 2022, at 17:47. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. 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