Elin McCoy
Dec 04, 2019
2 minutes
A Harvard Business School study estimated that 70% of family businesses are sold before the second generation takes over. Only 12% survive to the third. In the wine world, the causes are usually family squabbles, financial problems or, especially in France, taxes.
Does it matter? I think it does. The people behind what we drink, be it wine or spirits, are part of
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