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Theories of the Global Wine Glut // Strategy Behind Gallo's Recent Napa Acquisitions

September 12, 2023 - Wine Industry Insight Daily News Feed

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“Some limited activity has recently occurred on the bulk market, an encouraging sign in what is traditionally a slow time of year. This activity has mainly taken place on Napa Valley Cabernet, Sonoma County Chardonnay, California Cabernet, and some small batches of Sonoma County Pinot Noir. Sellers have continued to become increasingly cognisant of the slow wine sales picture and are open-minded to fair offers. “

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