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2020 Fires Caused $3.7 billion in losses for Wine Industry

January 20, 2021

The fires of 2020 appear to have cost the wine industry $3.7 billion in losses that will be felt by wineries well into 2023. That is the estimate of former wine industry executive Jon Moramarco who owns the market research firm bw166 and is the editor of the Gomberg, Fredrikson & Associates reports.