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For your information, you can find below the description of the video Italian Wine Makers Face Borrowing Cost Hangover published by the Youtube channel Bloomberg Television:
Italy's winemakers all started as family concerns and they've mostly stayed that way, creating an extremely fragmented industry, and producers who often rely on borrowed money to get by. Combined, their interest costs will rise to €306 million this year from €126 million in 2022, according to estimates from Studio Impresa, a consulting firm. It reckons the hit to revenues from servicing debt will more than double from 0.92% in 2022 to 2.24% in 2024. Our Reporter Giulia Morpurgo joins Caroline Hepker and Francine Lacqua on Bloomberg Radio with the details.
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