Wine Still Premiumizing, but “Dollars are Disconnected from the Volumes”

Dear Client:   The wine market was looking for its recovery in 2024, but it hasn't materialized yet, noted bw166 managing partner Jon Moramarco on a recent Gomberg, Fredrikson and Associates webinar. Indeed, we've heard similar things from other data firms recently.  Jon provided a wider look at the wine industry in last week's Q3 report. Below are a few key takeaways. INVENTORIES IMPEDING RECOVERY. As others have mentioned, high inventory levels at wholesalers and retailers have impeded a turnaround,