Bigwig Panel Talks Future of the Wine Biz

Dear Client: Perhaps the biggest panel at the Wine Industry Financial Symposium was made up of Rick Magnuson of GI Partners, Ray Chadwick of Young's, Peter Mondavi of Charles Krug Winery and Adam Beak of Bank of the West. It was moderated by Robert Nicholson, president of the International Wine Associates.The panel discussed coping in the recession, potential buyers for the wine industry, consolidation, the future of the three-tier, the commoditization of wine and family succession planning. Here's what they