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Home » Archives by category » Uncategorized (Page 113)

Copia To Liquidate, Then Transform Itself Into For-Profit Enterprise

Copia, Robert Mondavi’s visionary wine and food center, received permission Friday morning for a procedure that calls for it to liquidate all of its assets, pay employees’ priority wage claims then create a plan to transform the real estate and remaining assets into a for-profit enterprise. Copia has liabilities of at least $78 million, including […]

January 9, 2009 | Filed under Uncategorized | Read More

Carneros Getting Million-Gallon Custom Crush Facility

The Central Valley Business Times reported today that The Vintners Group, founded by Dennis Rippey, has broken ground on a million-gallon custom-crush facility in the Carneros Region. Carneros Vintners, Inc., a division of The Vintners Group of Lodi, says it should be ready for the 2009 harvest. The Carneros facility includes future plans to expand […]

January 8, 2009 | Filed under Uncategorized | Read More

Copia Status Hearing, Creditors Meeting Set

U.S. Bankruptcy Judge Alan Jaroslovsky has scheduled a status conference in the Copia Chapter 11 proceedings for January 9, 2009. The hearing will be held at the court at 99 South E St. in Santa Rosa. In addition, Judge Jaroslovsky extended Copia’s deadline for filing its financial statements until January 5. The original deadline had […]

December 23, 2008 | Filed under Uncategorized | Read More

Sebastiani/Foley Acquisition Update

The CIA has nothing on Sebastiani when it comes to keeping confidential information secret. However, Sebastiani Vineyards and Winery did offer a few more details in a news release today which WII’s Saturday article did not contain. According to the release, Credit Suisse Securities (USA) LLC acted as exclusive financial adviser and Sheppard, Mullin, Richter […]

December 22, 2008 | Filed under Uncategorized | Read More

Real Estate And Credit Crisis Catches Up With Wine Industry – Part 1

Vineyard and winery sales data show that the real estate meltdown began to hit the wine industry around the first of August this year. In addition, five real estate brokers and finance experts confirmed that the downturn has made deals harder to close, and is likely to reach crisis proportions for the most highly leveraged […]

December 22, 2008 | Filed under Uncategorized | Read More

Sebastiani Winery Sold to Foley Wine Group

Sebastiani Vineyards and Winery has been sold to Santa Barbara County-based Foley Wine Group. The pending sale was announced Friday night by Richard A. Cuneo, chairman of the Sebastiani board. The transaction comes amid the beginnings of a sag in real-estate prices as effects of the global recession begin to depress winery and vineyard values. […]

December 20, 2008 | Filed under Uncategorized | Read More

TTB’s Appellation System Dysfunctional, Outdated – Designed for Insiders

Note: Links to a full-scale and detailed map and a .pdf of the entire Gallo proposal are below. “I note, and object to the fact that the application of the petitioner [E&J Gallo] is not publicly available for review and comment. Although certain information is quoted in the [TTB] Notice [#90 to expand the Russian […]

December 16, 2008 | Filed under Uncategorized | Read More

Gallo’s Two Rock Vineyard – Lack of Transparency Questions Legitimacy of Process

Looking at the TTB’s process for expanding the Russian River Valley AVA shows a lack of transparency, bureaucratic disorganization, fractured filings and missing information. The chaotic and obscure character of the process makes it more probable that the TTB’s decision will be made on the basis of spin, hyperbole, lobbying and hearsay rather than on […]

December 15, 2008 | Filed under Uncategorized | Read More

Copia Headed For Liquidation

As WII reported on Tuesday, Copia’s board is looking for an orderly wind-down, is headed for liquidation, and is unlikely ever to open again. “It’s over,” one board member told Wine Industry Insight Friday morning. “We’ve met; we’ve talked; we’ve come up with no options other than an orderly end. Copia previously locked its doors, […]

December 12, 2008 | Filed under Uncategorized | Read More

TTB To Close Comments Dec 19 for Proposed Expansions of the Russian River Valley and Northern Sonoma Viticultural Areas

Notice No. 90, Proposed Expansions of the Russian River Valley and Northern Sonoma Viticultural Areas. Comments on this notice are now due on or before December 19, 2008 (see Notice No. 91). To submit comments online, or to view all comments received, visit Regulations.gov, go to Docket No. TTB–2008–0009. To submit comments by postal mail, […]

December 11, 2008 | Filed under Uncategorized | Read More