Bibendum and WINEDEPOT
The partnership between the two beverage suppliers means WINEDEPOT will stock a large part of Bibendum’s portfolio.
Bibendum represents 160 local and international wine producers and craft spirits. It will invite its customers to join the WINEDEPOT platform, offering a $250 voucher as an incentive. The voucher will have minimum spend restrictions and will have to be used within a time frame.
The companies will also link their IT systems so WINEDEPOT customer accounts can be opened easily. The integration of IT will delay the partnership until late April. However, Digital Wine CEO Dean Taylor believes a faster uptake will offset any delay.
In return for its partnership with WINEDEPOT, Bibendum will have access to WINEDEPOT’s logistics service, as well as a particularly large incentive: Should the partnership fulfil a number of achievements within 2 years, Bibendum will receive 20 million shares in Digital Wine.
These include Bibendum listing more than 280 products on WINEDEPOT and sending at least 4000 WINEDEPOT referral vouchers – of which at least 800 must be activated, thereby generating at least $800,000 in sales.
Digital Wine also announced a partnership between WINEDEPOT and Direct Couriers. The two companies will develop a dedicated WINEDEPOT delivery fleet for commercial customers. Deliveries will be dedicated to metro areas, allowing customers fast access to orders regardless of freight congestion.
CEO Dean Taylor is excited about the potential the partnership with Bibendum has to fast-track WINEDEPOT’s uptake.
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