Luxury wine brand Yao Family Wines, founded and owned (25%) by retired Houston Rockets basketball star and humanitarian Yao Ming, has raised over $2,020,000 toward its $3 million crowdfunding goal on Crowdfunder. Pre-money valued at $15M, Yao Family Wines develops, produces, markets and sells Napa Valley wine brands in China and the United States, the two largest growing markets for wine.
“Since Yao Family Wines was founded in November 2011, company highlights include signing an exclusive distribution agreement with Pernod Ricard China, the largest global drinks company in China, and receiving high marks from the likes of Robert Parker, a leading U.S. wine critic, and Wine Enthusiast Magazine,” reported Crowdfund Insider Midori Yoshimura. “Upon Parker’s first review of Yao Family Wines in October 2013, he awarded Family Reserve Cabernet Sauvignon a score of 95. Wine Enthusiast Magazine honored all three Yao Family Wines with scores of more than 90.”
In addition to Yao Ming, the company’s founder and proprietor, the Yao Family Wines team includes Tom Hinde, President and Director of Winemaking; Jay Behmke, Managing Director; David Sayre, Chief Operating Officer; Bill Sanders, Chief Marketing Officer; and Billy Kuenzinger and Bill Duffy as members of the Board of Directors. With over $8,000,000 in wine sales, including 10,169 cases of wine sold and its high ratings, Yao Ming Family Wines will be a campaign to watch as its nears its 31 March closing date.
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