Oak barrels near a vineyard in California.

Financial fears of wine businesses played down by key industry figure

The Editors, 27.03.2023

Repercussions of Californian bank collapse continue to reverberate through the wine industry.

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Fears over the future of wineries following the collapse of Silicon Valley Bank (SVB) have been overplayed, with one key figure in the industry saying the recent development “sounds more dramatic than it is”.

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