Gus Clemens on Wine

Which of these statements about the wine industry is correct? Demand decreases, the industry faces rocky times. The industry is doing fine, even if volume is down, value is steady. The industry has a rosy future as drinkers switch to higher-priced wine. Rob McMillan of Silicon Valley Bank—a go-to source—says “anyone who says they know what’s happening to total sales is fooling themselve...

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