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Report: Wine industry growth 'slow and steady'

January 17, 2013

The wine industry will improve slowly and steadily in 2013, with sales growth ranging from 4 to 8 percent -- albeit a lower rate of growth than in the previous three years -- according to a new report from Silicon Valley Bank. The wine market will recover, said Rob McMillan, founder of Silicon Valley Bank's wine division based in St. Helena, and author of the report. But, "it won't recover like it did before."