Napa Valley giant issues doomsday warning for wine industry as CEO steps down
- Posted on April 16, 2026
- By Bing News
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- 1 min read
Napa Valley giant issues doomsday warning for wine industry as CEO steps down
A Napa Valley wine giant has issued a dire warning about the direction of the industry, pointing to “ongoing category pressures.” Constellation Brands, the New York-based owner of California’s Robert Mondavi Winery, expects the high-end wine market to decline as its CEO Bill Newlands steps away from the company. Chief Financial Officer Garth Hankinson pointed to “ongoing category pressures, channel headwinds, the timing of our cost of leveraging...
