Giant winemaker closes historic winery facility, lays off staff
Lower wine consumption since 2020 has forced major wine companies like E. & J. Gallo to shut down facilities and lay off employees. The industry’s annual revenue has declined by $19.7 billion, or 21%, to $74.3 billion in 2025 since generating $94 billion in 2020, according to Silicon Valley Bank’s State of the US Wine […]
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