In “because of course they have” news, new research out this week has found that America’s 77 million regular wine drinkers have increased their frequency of wine consumption due to the COVID-19 pandemic lockdown.
A looming recession may mean consumers give the “thumbs down” to low alcohol beverages.
Sattui says he “felt guilty” about taking the money from the federal Paycheck Protection Program.
The spread of the novel coronavirus has led to the radical disappearance of the HoReCa channel that could result in a more than 50% loss of wine sales in Europe alone.
One-third of Australia’s wineries could go under because of the Coronavirus pandemic, industry warns.
Projected losses increase as winery size decreases with wineries producing 1,000 to 5,000 cases expected to see lost revenue of 47.5% and wineries producing under 1,000 cases or less expected to lose 66% of revenue.