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Home » Archives by category » Featured Articles (Page 67)

Cosentino Winery Closes

Cosentino Winery closed at the end of business, Nov. 9, according to emails sent by several different managers and employees at the operation. The very short emails shared with Wine Industry Insight by numerous recipients most frequently cited a “tight economy.”

November 11, 2010 | Filed under Featured Articles | Read More

Eos: Vinreit Flexes Muscle, Court Receiver Axes Staff, Halts Wine Shipments

Mark Burrell, the court-appointed receiver for Eos Estates Winery has laid off staff, stopped shipments of inventory and made it less likely that the business can operate itself out of its current financial hole, according to multiple sources familiar with the situation. In addition, Paso Robles VinREIT, which owns the real estate leased by the […]

November 9, 2010 | Filed under Featured Articles | Read More

Court Appointed Receiver Keeps Renwood Winery Open After 100% Layoffs

The receiver for Renwood Winery, appointed by Judge Robert S. Bardwil of the U.S. Bankruptcy Court for the Eastern District of California, has reversed the layoffs that terminated all winery employees on Oct. 22. “It’s business as usual at Renwood Winery,” said Winston Mar, an expert in struggling and distressed companies. “The company is fully […]

November 2, 2010 | Filed under Featured Articles | Read More

HEADS UP! – Eos Estate Sold To Bill Foley

Highly placed sources in Bill Foley’s organization say that he has purchased Eos Estates Vineyard and Winery. VIP Subscribers click here to read the rest of this HEADS UP! news alert. Not A Subscriber Yet? Subscribe now, and get the rest of this article and everything else in every article on the site every day, […]

October 29, 2010 | Filed under Featured Articles | Read More

Eos Estate Set For Bank Sale Monday, Oct. 25

Farm Credit West has quietly scheduled the sale of Eos Estate Winery assets for 9 a.m. Monday, Oct. 25. VIP Subscribers click here to read the complete. Also In This Article For VIP Subscribers: BID REQUEST CIRCULATED PRIVATELY TO SELECT LIST BIDDING REQUIREMENTS COLLATERAL TO BE SOLD WITH CAVEATS Not A Subscriber Yet? Subscribe now, […]

October 21, 2010 | Filed under Featured Articles | Read More

Bankruptcy Trustee Sues Renwood Winery For $1 Million

The U. S. Bankruptcy Trustee appointed to oversee the Chapter 11 of the Renwood Group, Inc. (RGI) has filed two adversary proceedings against Renwood Winery to recover $995,000 in allegedly improper or fraudulent payments from RGI to the winery. RGI, which filed for Chapter 11 bankruptcy protection on Oct. 9, 2009, owns 94.74 percent of […]

October 20, 2010 | Filed under Featured Articles | Read More

Cosentino Winery Hit With Involuntary Liquidation Court Papers

Three large creditors of Cosentino Winery and its parent company, Cosentino Signature Enterprises Ltd. have filed court documents designed to force the two companies into involuntary Chapter 7 liquidation proceedings. California First Leasing, Mustard’s Grill and LCPV Vinreit (a partnership of Entertainment Properties Trust) filed documents yesterday afternoon in U.S. Bankruptcy Court for the Northern […]

October 19, 2010 | Filed under Featured Articles | Read More

New Calif “Instructional Tasting” License To Benefit Suppliers & Retailers in 2011

California retailers who want to hold instructional tastings for customers will no longer need permanent partitions in their stores or to apply for multiple  temporary licenses thanks to AB605 which takes effect Jan. 1, 2011. While the new license type doesn’t actually allow the retailer themselves to conduct a tasting (except under one special circumstance), […]

October 14, 2010 | Filed under Featured Articles | Read More

Feds Give Calif Ag $17+ MillionFor 64 Projects, 5 Wine-Related

The U.S. Department of Agriculture today announced the award of $17,281,158 to the California Department of Food and Agriculture for 64 projects approved by the Agricultural Marketing Services Specialty Crop Block Grant program. The USDA did not disclose the amounts for each specific project. New York had no wine specific projects approved. New York, Oregon […]

October 11, 2010 | Filed under Featured Articles | Read More

Cosentino Winery In Foreclosure, Owes Almost $20Mln, Liquidation May Be In Works

Cosentino Winery is in foreclosure. And unless a buyer such as Bill Foley — who has said he wants a high-profile Route 29 addition for  his collection — steps forward, winery assets may soon go into liquidation. Multiple, independently corroborating sources have told Wine Industry Insight that the winery’s largest creditors have struck a deal […]

October 5, 2010 | Filed under Featured Articles | Read More