Dear Client: "We're in a mature industry," Clarice Turner, independent board director at Delicato Family Wines, said of the wine industry during a panel discussion at the recent Wine Industry Financial Symposium. And finding success at this stage can mean restructuring and reprioritizing. Clarice outlined the features of a mature industry— which certainly describe what we're seeing in wine— including little to no growth, high barriers to entry, excess capacity, intense competition, and consolidation. "We're at a point where
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