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People of Greece have settled abroad also and Melbourne Is the City with the Largest Greek Population Outside Greece.

Are consumer tastes consolidating or fragmenting to global brands

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The take-home message from the Unified Wine & Grape Symposium was largely positive for many California wine grape producers: consumers should continue to “trade up” while China may offer further bottled export opportunities.Still, not all is roses, though Rosé is, as one speaker from the State of the Industry address put it is “on fire.”The strong U. dollar relative to other world currencies could be a dim spot, according to Danny Brager, senior vice president of beverage alcohol practices with The Nielsen Company. Brager says wine is certainly selling, though fragmentation in the marketplace is driving how, where and to whom it is being sold.

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The current Millennial generation is said to be making less money today than their Boomer parents at the same life stage.Wine continues to compete with beer and spirits on almost every occasion, Brager says.In total, consumers spent about 4 billion on beer, wine and spirits last year as wine and spirit consumption continues to rise while beer consumption sinks.Changing shopper habits and the increasing dominance of Amazon. have led retail bankruptcies to hit their fastest pace since the financial crisis-21 this year through Tuesday, according to data from S&P Global Market Intelligence.In recent months, retailers Payless Shoe Source Inc., BCBG Max Azria Group LLC and Limited Stores Co. While many of these companies are saddled with a variety of debt, the "asset-based loans" popular with banks are among the safest.The industry's troubles are "bad for retail, but not so bad for banks," said Glenn Schorr, a bank analyst at Evercore ISI. Still, the troubled industry has the potential to cause other headaches, particularly for smaller banks that do a lot of commercial real estate lending.