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Foreigners Are Snapping up ‘Dream’ Chateaus on Fire Sale as France’s Wine Industry Struggles // House of Smith Seattle facility listed for sale

December 19, 2025 - Wine Industry Insight Daily News Feed

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“Surveys indicating a historic shift away from drinking, steep declines in alcohol sales, and falling drinking rates among young people have all fed a debate in recent years about whether drinking might be in long-term decline, especially in the key U.S. market. Possible drivers include a trend towards healthier lifestyles. IWSR said its data could not rule out fundamental behaviour change as a factor, but did counter the widespread narrative that there has already been a historic shift away from drinking.”

Source: Reuters, IWSR

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