The Wine Business from a Banker's Eye, 2009
Credit is more difficult to obtain.
by Paul Franson
Oct 2009 Issue of Wine Business Monthly
How are wine clients doing? While some wine companies are booming—such as low-end Bronco—most premium producers are hurting. “Wineries are more at risk than any time I’ve seen them in 20 years,” says Rob McMillan of Silicon Valley Bank, one of the largest lenders to high-end boutique wineries. “They’re going through a period of change. Some are doing well, and others not so well. The wineries that are struggling include those that are overleveraged, de...
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