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Afternoon Brief, December 10

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A 31% Increase in Number of California Wineries Makes Financial Success That Much Harder: The global investment firm Rabobank November 2018 Wine Quarterly included a few important takeaways from the Wine Industry Financial Symposium held this autumn in Napa, California. In its introduction to the report, the bank got my attention with this about California: "Wineries of all sizes need to find new owners."