It’s Not the Best of Times or Worst of Times for Wine

Dear Client: Nielsen's Danny Brager took the stage last week at the Unified Wine & Grape Symposium as part of the annual state of the industry address. In a Dickensian intro, Danny said, "Is it the best of times? No. Is it the worst of times? Also no." Many wine companies reported very different experiences in 2019. 45% said they had a better year/our best year, while nearly 20% said 2019 was difficult/ challenging/ disappointing, according to this year's Silicon Valley Bank