The US wine industry eyes up the prospect of a recession (although at least they have a nice strong currency).
It’s the time of year for reflecting on the past and planning for the future. But the American wine industry finds itself wondering just exactly what that future holds.
‘A lot of people aren’t willing to use the R-word yet’, says Steve Spadarotto, chairman and CEO of Far Niente Wine Estates in Napa, ‘but in my opinion, we’re in a recession already. Some people say wine is recession-proof but I can tell you, it’s not.’
The American wine industry remains...