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.
Low Alcohol Drinks May Soon Fall from Favor
A looming recession may mean consumers give the “thumbs down” to low alcohol beverages.
Napa Vintner Dario Sattui Pledges to Return $1.2 Million Small Business Loan
Sattui says he “felt guilty” about taking the money from the federal Paycheck Protection Program.
Coronavirus Impact on Wine “Probably Irreversible”
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.
Over 30% of Australia’s Wineries Could Go Under Because of COVID-19
One-third of Australia’s wineries could go under because of the Coronavirus pandemic, industry warns.
U.S. COVID-19 Wine Losses Could Reach Nearly $6 Billion
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.
