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Home » Archives by category » Featured Articles (Page 57)

Geyser Peak Sale Pending, Ascentia’s Demise Close

Like an old Saturday Night Live sketch (“Generalissimo Francisco Franco is Still Dead“) Ascentia Wine Estates has been twisting slowly in the financial wind for more than two years. But that looks to be over in the next month if due diligence goes smoothly for buyers who have committed to take most — or all […]

May 2, 2012 | Filed under Featured Articles | Read More

Wine Executive News, April 24: Barrel Stop, Blackstone, American Wine Distr., WineGavel

Wine Executive News subscribers please click here to read the complete article. BARREL STOP SALE NOW IN HANDS OF BANKRUPTCY TRUSTEE CONSTELLATION SELLS BLACKSTONE WINERY AMERICAN WINE DISTRIBUTORS ASKS JUDGE FOR NEW TRIAL WINEGAVEL: NEW PRESIDENT BUT STILL NOT DELIVERING ALL PURCHASES This full 1,100-word article is available only to premium subscribers of Wine Executive […]

April 24, 2012 | Filed under Featured Articles | Read More

Elder Abuse, Sex Offender Amp Up The Bizarre in Barrel Stop Bankruptcy

Elder Abuse, Sex Offender Amp Up The Bizarre in Barrel Stop Bankruptcy

The Barrel Stop/Dominari bankruptcy has grown more bizarre with Wine Industry Insight’s  discovery that the winery owners were found guilty in 2010 of elder abuse and that a registered sex offender with Rothschild and Opus aspirations is deeply involved in the already strange attempt to buy the winery out of bankruptcy. Those new revelations top […]

April 13, 2012 | Filed under Featured Articles | Read More

Bankruptcy Trustee Appointed For Barrel Stop Winery, Bank Opposes Sale

Barrel Stop/Dominari Winery has had a trustee appointed to oversee its insolvency. In addition, its largest senior secured creditor, Mechanics bank, has opposed the winery’s proposed sale, relying on essentially the same information reported by Wine Industry Insight on March 28 (Barrel Stop Gets Offer, Buyer Background Raises Viability Doubts) TRUSTEE APPOINTED Alan Jaroslovsky U.S. […]

April 11, 2012 | Filed under Featured Articles | Read More

Sutter Home Sues, WineGavel Fumbles, Calif Probes 5 Central Coast Wineries

The full text of the following sections is available to subscribers of Wine Executive News. SUTTER HOME TRADEMARK LAWSUIT WINEGAVEL STILL STUMBLING, FUMBLING CALIF MARKET ENFORCEMENT INVESTIGATES 5 CENTRAL COAST WINERIES Wine Executive News subscribers please click here to read the complete article. NEW SUMMARY FORMAT ADDED This article represents a departure from previous Wine […]

April 5, 2012 | Filed under Featured Articles | Read More

Barrel Stop Gets Offer, Buyer Background Raises Viability Doubts

Bankrupt Barrel Stop has received an offer from a potential buyer, but doubts persist about the legitimacy of the offer and the ability of the potential purchaser to perform. In addition, Mechanics Bank, which is the largest — $3,766,084 — and most senior secured creditor has objected to Barrel Stop’s reorganization plan which relies entirely […]

March 28, 2012 | Filed under Featured Articles | Read More

Napa County Wants Barrel Stop Shut Down, Addamo Ch 11 Approved

Wine Executive News premium subscribers please click here to read both articles. NAPA COUNTY SUES TO HALT BARREL STOP OVER PERMITS ADDAMO CHAPTER 11 APPROVED BY COURT PREVIOUS WINE INDUSTRY INSIGHT COVERAGE: BARREL STOP Barrel Stop Proposes To Sell Winery, Says Expects Imminent Offer Bank Charges Barrel Stop “Incompetently Managed,” Urges Trustee & Asset Sales […]

March 22, 2012 | Filed under Featured Articles | Read More

Mitch Cosentino Sues Soldinger & Directors of His Former Winery Company

Mitch Cosentino has sued Larry Soldinger and four other former directors of a company that once controlled his namesake winery alleging (among other things) misrepresentation, breach of fiduciary duty, negligence, and breach of contract in a case that may include forged signatures. This lawsuit does not involve the current Cosentino Winery which is owned by […]

March 21, 2012 | Filed under Featured Articles | Read More

Ascentia Debt Crisis Lurching Closer to Resolution

ASCENTIA: GREEK DEBT CRISIS EASIER, FASTER TO SOLVE The Ascentia Wine Estates (AWE) debt and financial crisis started before the EU’s Greek bailout marathon. AWE, and its capital partners, however, are still wrestling with terms and trying to fashion an exit while the EU goes on to handle Portugal, Italy and Ireland. Floundering and insolvent […]

March 15, 2012 | Filed under Featured Articles | Read More

Barrel Stop Proposes To Sell Winery, Says Expects Imminent Offer

Faced with a hearing Friday, March 9, to discuss the appointment of a  trustee, Barrel Stop Winery has asked the bankruptcy court to allow the sale of the winery assets. In a document filed with the court on Monday, the winery said it expects an offer “within a day or two” but only if Mechanics […]

March 8, 2012 | Filed under Featured Articles | Read More