Wine sales decline and blame it on the young’ins?

[Michael_Hung]

Just wanted to point out that we have another thread from yesterday that is practically on the same topic right now:

Grind your gears: the Silicon Valley Bank wine report is out

Wine-Searcher: US Wine Industry in a Tailspin. https://www.wine-searcher.com/m/2023/01/us-wine-industry-in-a-tailspin Morningstar: The wine industry’s biggest threat? Irrelevance with younger people. https://www.morningstar.com/news/marketwatch/202301181205/the-wine-industrys-biggest-threat-irrelevance-with-younger-people And it’s not really because of the cost, because McMillan points out statistics showing that younger people are driving a thriving trade in other luxury goods. “Why can…