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Home » Archives by category » Featured Articles (Page 62)

CDFA/MEB Investigating Grape Payment Complaints Against 9 Wineries

The California Department of Food and Agriculture’s Market Enforcement Branch has received verified complaints against nine winegrape processors. In addition, the MEB has issued prosecution updates for two other cases now pending in Sonoma and Alameda Superior Courts. Wine Executive News subscribers please click here to read the complete, 400-word article. Also In This Article: […]

June 30, 2011 | Filed under Featured Articles | Read More

Lolonis Winery Melts Down, Growers Scramble To Get Paid $1.1 Million+

The precipitous meltdown of Mendocino County’s Lolonis Winery has left growers scrambling to recover whatever they can of more than $1 million in unpaid winegrape bills. And while grower liens may offer some partial comfort, they will need to fight to recover anything at all in the upcoming Superior Court battle over the winery’s liquidation. […]

June 22, 2011 | Filed under Featured Articles | Read More

Sloan Estate Winery Property Sold To Chinese Investor

Sloan Estate Winery of Rutherford has been confirmed by Wine Industry Insight as the winery property being purchased by Goldin Hong Kong investment and factoring company Goldin Financial Holdings (HKEX:530) for $40 million. Goldin is not buying Sloan Estate’s existing winery business. The transaction was previously reported by Wine Industry Insight on June 9. Sloan […]

June 15, 2011 | Filed under Featured Articles | Read More

Foreclosure Sale Date Set for Napa’s Barrel Stop/Dominari

Custom-crush winery Barrel Stop, which also produces its own wine under the Dominari label, has defaulted on its real-estate and equipment loans to Mechanics Bank and faces a foreclosure sale in July. The company also must deal with IRS liens and a Napa Superior court judgment from a custom-crush customer that sued over misplaced wine. […]

June 15, 2011 | Filed under Featured Articles | Read More

Hong Kong Tycoon Offers $40 Mil For Napa Valley Winery & Vineyard

Hong Kong investment and factoring company Goldin Financial Holdings (HKEX:530), said Wednesday in a public filing (available to Wine Executive News subscribers) that they were acquiring an as-yet-unidentified Napa Valley vineyard and winery for $40 million and that the deal was expected to close today. The Goldin filing also stated that the “book value” of […]

June 9, 2011 | Filed under Featured Articles | Read More

Rabo Agrifinance Owed $30Mil+ By Olsen Ag Raises Objections That May Threaten Bacchus Funding

Rabo Agrifinance (Rabo) — is owed more than twice the amount apparent in Olsen Agricultural’s incomplete initial filings — and has objected to the blanket use of cash collateral secured by its loans. Judge Elizabeth L. Perris of the U.S. Bankruptcy Court for the District of Oregon, on Friday agreed with Rabo’s objections and has […]

June 5, 2011 | Filed under Featured Articles | Read More

Oregon Grower’s Survival Hinges on Quick Approval of High-Interest Bridge Financing

The immediate survival of bankrupt Willamette Valley grower Olsen Agricultural Enterprises (“Olsen Ag”) depends on quick court approval of a plan to use secured receivables to finance a multimillion-dollar Debtor-In-Possession financing plan. The company filed for Chapter 11 protection June 1 in U.S. Bankruptcy Court for the District of Oregon. Rabobank, Olsen Ag’s largest single […]

June 2, 2011 | Filed under Featured Articles | Read More

Rabobank, W.J.Deutsch Take Massive Write-Downs As Court Clears Way For Renwood Winery Sale

The sale of financially troubled Renwood Winery has moved a step closer with the  approval of a consent agreement that will allow the assets to be sold free and clear of liens and lawsuits. Robert S. Bardwil, U.S. Bankruptcy Court Judge for the Eastern District of California, has approved a compromise consent agreement in the […]

May 31, 2011 | Filed under Featured Articles | Read More

Rombauer Buys Major El Dorado Vineyard From Renwood Bankruptcy

Koerner Rombauer has agreed to buy the Twin Rivers Vineyard from the bankruptcy estate of Renwood Vineyard Properties. A hearing to approve the sale is scheduled for May 25, 2011 in the U.S. Bankruptcy Court for the Eastern District of California. Wine Executive News subscribers please click here to read the complete article. Also In […]

May 24, 2011 | Filed under Featured Articles | Read More

Lipman Buys Tenn. Wine & Spirits – Distributor Consolidation Shaking Up State

A little more than a year after Warren Buffett shook up the wine and spirits distribution world by buying Tennessee’s largest distributor, the state’s second largest — Lipman Brothers, — has signed a deal to buy its smaller rival Tennessee Wine and Spirits (TWS). Wine Executive News subscribers please click here to read the complete […]

May 18, 2011 | Filed under Featured Articles | Read More