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The Coming Carnage?


Wine 26

The Coming Carnage?

BernalKC | Apr 16, 2010 03:23 PM

Alder Yarrow writes in his blog Vinography about looming dark clouds in the wine industry in this article, "The Coming Carnage in the California Wine Industry",

He predicts that much of the industry is on the verge of a financial meltdown that will wipe out many smaller, high-end wineries. He notes that sales of expensive wines (>$30) are already down %15, and the accumulating stocks of unsold, unsellable premium wines portend deep discounting that will precipitate a "bloodbath" when banks move in and seize the inventories that have been used as collateral in a highly leveraged business.

What do you think? Is this a chicken little story? Or is this a storm that is about to break? Or is it already breaking?

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