Afternoon Brief: Treasury Wine Estates Rejects Bankruptcy Speculation
Australia's largest wine producer has dismissed claims that rising debt could push the company towards bankruptcy. Treasury Wine Estates says it has sufficient liquidity despite heavy short selling and a sharp fall in its share price...
With the expected continuing market correction of the alcohol beverage industry to consumer demand, wine producers are preparing for potential bankruptcies or shuttering of trade purchaser businesses at the distribution and retail levels. This article explores how alcohol beverage producers should...
Read MoreAfternoon Brief: Sugarloaf Custom Winery Seeks Bankruptcy Protection as $13 Million Loan in Default
Sugarloaf Wine Co. southeast of Santa Rosa filed for Chapter 11 reorganization as loan on winery goes into foreclosure. Founder says hundreds of thousands of dollars from the winery and a separate vineyard operation went to fund a fintech startup...
Afternoon Brief: Court OKs $140 Million in Vintage Wine Estates Assets Sales
Nearly two dozen wineries, brands and other assets of the defunct Santa Rosa-anchored Vintage Wine Estates portfolio got the green light to change hands in a Delaware bankruptcy court Tuesday...
Afternoon Brief: Underground Cellar Claws Out of Bankruptcy
The controversial retailer is making a move to bail itself out...
Afternoon Brief, August 30th
Kelham Vineyards Is in Bankruptcy Court as Family Feud Continues: A bitter family dispute over a Napa Valley winery has landed in bankruptcy court and a trial scheduled for October...
CD&P GM Lisa Carter attended a Town Hall about Public Safety Power Shut-Offs hosted by Congressman Jerry McNerney last week. The outlook is grim with the hot, dry weather - wildfires are a certainty this year. Pacific Gas & Electric filed its state-mandated 2021 wildfire safety plan in February....
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