TIL World’s biggest beer, wine and spirits producers have collectively lost $830 billion in market value over just four years. Changing drinking habits and rising health concerns have hit earnings across the sector. Millennials and Gen Z are also not much interested in alcohol.
Dude some of them legit lost. I love near wine country. The ones that adapted did well, the ones that didn’t, fuck em. The bigger hit was Krasnov’s trade war