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Article: Massachusetts Winery Shuts Doors - New York Times
- Article from:
- The New York Times
- Article date:
- September 14, 1988
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LEAD: The days of wine and losses are over for David S. Tower. The days of wine and losses are over for David S. Tower. He has closed his 10-year-old Commonwealth Winery, one of New England's biggest and best known, because of longstanding financial trouble. The winery, which operated in this historic town not far from Plymouth Rock, corked its last bottle earlier this year and shut the door of its retail shop on Sept. 3. Mr. Tower's wines won numerous awards over the years, but the winery was rarely profitable, a problem he attributed mostly to undercapitalization. ''The 10-year history has always been a struggle, and the last 2 years have been terrible,'' he said. The winery's sales ...