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Wine Industry in Crisis | Raleigh News
The American wine industry is in freefall, with revenue plummeting nearly $20 billion since 2020 — a 21% drop leaving annual sales at just $74 billion. Aging Baby Boomer drinkers are driving the decline, forcing wineries like Abbot’s Passage to shut down. Once a promising spinoff of Gundlach Bundschu, the California winery cut hours in 2025 hoping to rebound — but dwindling foot traffic made expansion impossible. Now closed, its wines remain available online, and staff levels were slashed to match the new reality. Even legacy brands are feeling the crunch — this isn’t just a dip, it’s a…
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