Home > Magazine Archives > Nov. 15, 2003 Issue > News
California Winery Woes: From Boom to Bankruptcy
In hard times, some producers choose Chapter 11
Tim Fish
Issue: November 15, 2003
As the California wine industry struggles through its worst recession in decades, the reasons are well-documented: the worldwide wine glut, sagging tourism, the war in Iraq, to list a few. But as a number of wineries file for bankruptcy protection, another, less obvious cause is emerging: Selling wine in the late 1990s was too easy.
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