Napa Valley giant issues doomsday warning for wine industry as CEO steps down
A Napa Valley wine giant has issued a dire warning about the direction of the industry, pointing to “ongoing category pressures.” Constellation Brands, the New York-based owner of California’s Robert Mondavi Winery, expects the high-end wine market to decline as its CEO Bill Newlands steps away from the company. Chief Financial Officer Garth Hankinson pointed to … Read more