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ChipsTheStreet4 days ago
Giant winemaker closes historic winery facility, lays off staffE. & J. Gallo shut down a historic winery facility and laid off employees as US wine industry revenue fell 21% to $74.3 billion in 2025 from $94 billion in 2020. Silicon Valley Bank's report cited declining consumption since 2020, with older drinkers consuming less and younger cohorts not replacing them.
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