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Afternoon Brief: Abrupt Closure of San Francisco Wine Startup Leaves Customers with Thousands of Bottles Stuck in ?CloudCellar?

The offer was enticing: Pay $25 for a bottle of wine, and you might get upgraded to a bottle worth $100 or more. Better yet, the San Francisco tech company Underground Cellar promised: It would store your wine purchases up to 500 bottles for free in a CloudCellar, then ship them to you whenever you wanted...
Breakthru Beverage GroupCordant WineryE & J Gallo WineryHudson Valley WinegrowersJordan Vineyard & WineryLodi WineLombardi WinesMassetoMilea EstateMoon Mountain District WinegrowersOensightsOle Health FoundationOutshineryParadisos Del SOL WinerySaverglassSevenfiftySotheby’s WineSunworks Solar PowerUnderground CellarVinifera Wine MarketingWondry Wine
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March 13, 2023
Afternoon Brief, March 13th

Silicon Valley Bank Closure Leaves Wine Industry Clients in the Weeds: There may not be quick answers to the biggest questions facing the wine industry after Silicon Valley Bank collapsed on Friday — including the future of the bank’s landmark wine industry report...
Silicon Valley BankVintage Wine EstatesV Foundation for Cancer ResearchSevenfiftyThe Wine GroupBallentine VineyardsNapa Valley GrapegrowersPaso Robles CAB CollectiveLodi WineCordant WineryRussian River VineyardsFreixenet Mionetto USAEkosTown Hall BrandsTastryDjuceThe Vice WineGrandes Pagos de España
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