Bankruptcy filing of large wine producer spells scary time for state of industry
Briefly

Execution of the IPO. I think it was rushed," said Rob McMillan, Silicon Valley Bank executive vice president.
"The industry is certainly flat on sales. The fine wine industry is doing a little better. It's the lower price wine that is certainly struggling," McMillan said.
"The younger generation is not drinking wine like the older generation, but they like wine," McMillan said.
"The California wine industry is in the same situation that the wine industry is across the world. We have seen a deduction in consumption, and I think it's a scary time," said winemaker and owner of Monte Rio Cellars, Patrick Cappiello.
Read at ABC7 San Francisco
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