SVB on M&A Environment, Finding the Bottom for Wine, and More

Dear Client: Alongside yesterday's release of the annual Silicon Valley Bank (SVB) State of the Wine Industry report came the webinar discussion from SVB evp and wine division founder and report author Rob McMillan and other industry experts to discuss its wider implications. HITTING BOTTOM SOON? While oversupply isn't anything new, Rob set the scene by noting that wine isn't the only category seeing this trend– it holds across the bev alc industry as a whole.   Citing data from the