Wine Pricing Not Expected to Increase in 2014

Dear Client: Earlier today Silicon Valley Bank (SVB) held it's popular annual State of the Wine Industry Webinar presentation. The main takeaway from the discussion was that the times, they are a changin'. SVB's Wine Division founder Rob McMillan and a panel of esteemed guests explained how trends in supplies, pricing and M&A have all entered into a transitional phase. HEAVY ON BULK SUPPLIES: You may recall, the 2010 and 2011 grape vintages supplies were short, and as a result,