US: Wine executives bullish on future
US: Wine executives bullish on future
Sep 21, 2011 6
(PressDemocrat) - Despite the sluggish economic recovery and ongoing pressure to cut prices, wine executives are more confident about the future today than at any time in the last four years, according to a survey released Tuesday.
The survey, conducted by UC Davis, found that 53 percent of wine executives believe their profits will increase this year and 74 percent predict profits will grow in 2012.
Overall, 71 percent said the health of the wine industry is improving, a level of confidence not seen since 2007, said Robert Smiley, dean and professor emeritus at the UC Davis Graduate School of Management.
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