One of the largest wine producers in the country filed for bankruptcy this week. We took a look at what that means for the state of the industry.One of the largest wine producers in the country filed for bankruptcy this week."Execution of the IPO. I think it was rushed," said Rob McMillan, Silicon Valley Bank executive vice president.Most of its products are in the $15 to $20 range.
Cappiello believes people drinking less after the pandemic, as well as other factors, could be playing a role. This decision was made in light of recent financial challenges and the Company determined that this action is the best option to serve our customers and maximize value for a range of stakeholders.
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