Ste. Michelle to Cut Back on Grape Contracts to “Better Align with Demand”

Dear Client: Ste. Michelle Wine Estates (SMWE) has seen its fair share of change in the past few years, including reorganizing its leadership structure and reshaping its portfolio. The latest shift? The company is pulling back within its own backyard, dramatically reducing its demand for Washington wine grapes.  CUTTING BACK GRAPE CONTRACTS BY 40%. Ste. Michelle notified its grape growers in a meeting last month that it will be reducing its fruit contracts in the near future, according to the