The economic ripple effects on the rest of the local economy are just beginning to be calculated as Sonoma County’s $2.175 billion annual tourism economy is now all but closed.
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.