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September 29, 2008
Wine Industry Still Pressed
THE wine industry - already suffering from a fragmented and competitive environment - can brace itself for further squeezes in the foreseeable future.
A recent wine industry survey by well known consulting firm PricewaterhouseCoopers came to the rather distressing conclusion that: "considering the effect of current economic pressures such as rising inflation, interest rates and fuel prices on consumer spending, producer cellars can expect margins to remain under pressure in the near future".
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Posted by StaffWriter at September 29, 2008 8:23 AM