December 4, 2017 @ 10:13 pm
Big Rick Hardly Strictly Wine Blog
Some industry analysts have been warning that the wave of wine sales growth the industry has been riding may be subsiding, based on certain sales data and company financial results.
Rob McMillan, founder of Silicon Valley Bank’s Napa Valley-based Premium Wine Division and author of an oft-cited industry report and forecast each Januaryrecently wrote on his SVB on Wine blog that the wine business is at a “tipping point” of decelerating growth in sales of premium-priced wine, generally considered to be retail-priced at more than $9 or $10 per standard 750-milliliter bottle. He was quick to remind his readers and the Business Journal that declining growth doesn’t mean declining sales.