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Russian River Vineyards Fights Liquidation Challenge
Bankruptcy trustee August B. Landis has recommended that the Chapter 11 reorganization proceedings for and Russian River Vineyards be converted to Chapter 7 liquidation. A hearing on the motion has been scheduled for 10 a.m., July 13 at the U.S. Bankruptcy Court in Santa Rosa. Wine Executive News subscribers please click here to read the complete […]
Cazes Family Takes Over Crushpad Bordeaux, Updates Clients
“In mid-April, the whole of Crushpad Bordeaux’s operating activities were taken over by a separate entity owned by the Cazes family of Chateau Lynch-Bages. The new entity (temporarily called CCW) is well-funded, guarantees the completion and availability of all your wines and, more importantly, the continued growth and development of our Bordeaux operation.” That quote, […]
Crushpad’s Dire Email To Investors Sheds More Light On Implosion
“If we do not receive sufficient interest [in financing], we will be forced to initiate a wind-down process in the very short term.” — Peter Ekman email excerpt The following email (below) has been received by Wine Industry Insight and pertains to yesterday’s article. CEO Peter Ekman did not respond to our request for […]
Crushpad: Speak The Truth Or Shut Up!
Dear Crushpad (Peter Ekman, Michael Brill): When someone calls you for information, and goes so far as to send you the draft of an article (Crushpad Closing) and you say it’s inaccurate, then perhaps you might consider providing some facts. If you don’t, if you don’t dispute anything specific, then you have no one to […]
Crushpad California Closing?
Crushpad, the upscale, winemaking service that has allowed hundreds of wine enthusiasts, restaurateurs, wine retailers and small-scale winemakers to craft small lots of wines looks like it’s close to closing its doors. The full text of the this article is available here to subscribers of Wine Executive News. Not a Wine Executive News subscriber yet? […]
Toxic Irrigation: Major Study Indicts Chemicals Found in Recycled Wastewater Used For Vineyards And Other Crops
By Lewis Perdue NOTE: This is the overview article in a series that will examine in detail the multiple issues given a general treatment in this piece. The article author was a biology major at Cornell University with top grades in organic chemistry. For much more on topics raised in this article, please visit The […]
Soldinger-Run Cosentino Winery Creditors Stiffed For More Than $9 Million
Jeffry Locke, the U.S. Bankruptcy Trustee appointed to oversee the Chapter 7 liquidation of Cosentino Winery has issued his final report which wraps up court proceedings. PROCESS INVOLVES SOLDINGER-RUN COMPANY, NOT CURRENT WINERY The bankruptcy process involves the old Cosentino Winery LLC and associated business entities which failed spectacularly under the management of Chicago accountant […]
Barrel Stop: Frustrated Trustee Punts, Winery Gets 90 Days To Sell Or Be Foreclosed
A frustrated U.S. Bankruptcy Trustee has washed her hands of the Barrel Stop Chapter 11, leaving the winery less than 90 days to find a buyer or be foreclosed upon by its senior secured lender, Mechanics Bank. As previously reported by Wine Industry Insight, Alan Jaroslovsky, U.S. Bankruptcy Court Judge for the Eastern District of […]
Geyser Peak, Accolade, Ascentia’s Implosion: Two Years Of Original Wine Industry Insight Reporting
As previously reported by Wine Industry Insight (see May 2 article, below), Ascentia Wine Estates will no longer be in the wine business as of May 31 when sales of most of its properties are supposed to close. CEO Jim DeBonis — after denying for months that any part of the company was for sale […]
Foreclosure Sale Set For Diamond Oaks’ Calistoga Vineyard
A 17.17-acre Calistoga vineyard owned by Diamond Oaks Vineyards, Inc., has been foreclosed on by its lender and scheduled for a trustee sale May 24. The sale constitutes one of the final bankruptcy acts for Dinesh Maniar, whose wine and race-horse empire filed Chapter 11 on Sept. 14, 2009. Wine Executive News subscribers please click […]
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