On-Premise Growth Key to Fine Wine Resurgence

Dear Client:We got a lot of insight from subscribers this week on the current holiday situation. The consensus is that suppliers are offering extreme discounts off-premise to boost volume in the short-term, leading some industry insiders to fear that discounts could result in long-term damage. Others feel this is a normal part of the economic cycle and high-end wines will return to growth in the next few years. One wholesaler told us that their November sales were the highest they’ve