Wine Shows Signs of Slowing

Wine industry numbers are beginning to slow, warned Morgan Stanley in a research note, while domestic beer drove gains at the expense of wine, spirits and imported beer in the latest four weeks.During the four weeks, wines priced above $7 dollars lost 40bps of dollar share to those priced below $7. Since mid-May wines priced above $7 have lost 30bps from the same period last year. According to wine industry trends in the period before mid-May, wines priced above $7