Even more California wineries shut down or will soon as industry crushed by major drinking habit changes [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
The California wine industry has been overturned by younger consumers less drawn to drinking wine, and Baby Boomers consuming less as a whole. U.S. wine revenue fell by more than a billion in 2025 and production dropped by about six million cases, according to industry data. Here's the latest casualties from a consumer environment increasingly toxic to the wine industry, including wineries and their vineyard suppliers. Carneros Hill Winery Jackson Family Wines ceased production at its Carneros Hill facility in Sonoma's Carneros region on Feb. 12. The closure resulted in 13 layoffs. Ranch Winery Wine giant Gallo shuttered Ranch Winery earlier this month, slashing nearly 100 jobs across Napa and Sonoma counties. Gallo filed a “warning” notice with the California Employment Development Department on Feb. 12, confirming it will permanently pull the cork on the Ranch Winery in St. Helena. Aerial view of Gallo's Frei Ranch winery and vineyards in California during a drought
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