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Stock impact report

56-year-old California winery closes down, lays off all workers [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
The wine sector's total revenue fell by $19.7 billion over the six-year period, or from $94 billion in 2020 to $74.3 billion in 2025, according to Silicon Valley Bank's State of the U.S. Wine Industry Report Industry experts blame a decline in consumption by its top demographic, Baby Boomers, for the slowdown in wine sales. Kenwood Vineyards owner Pernod Ricard Kenwood Holding LLC closed its 56-year-old winery and sold its assets to F. Korbel & Bros.Shutterstock · Shutterstock Kenwood Vineyards closes winery The most recent closure was a major California winery, Kenwood Vineyards , which closed its operations on March 27, according to its website, with no estimated date for resuming its business. "Kenwood Vineyards is closed until further notice. Check back in April for updates," a message on the website stated. The Kenwood, Calif., winery's owner, Pernod Ricard Kenwood Holding LLC, filed a Worker Adjustment and Retraining Notification letter with the California Employm Show less Read more
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