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Home » Archives by category » Featured Articles (Page 74)

No Sanctuary in Sumptuary? Brown-Forman Threatens Sonoma Winery

Sanctuary implies shelter and Sumptuary applies to frugality laws. But the vastly entirely different definitions have provided a small Sonoma winery no protection at all from Brown-Forman’s high-powered lawyers who think the names are so similar that they will confuse consumers. Tom Meadowcroft, owner and winemaker of Meadowcroft Wines in Sonoma County says he has […]

January 22, 2010 | Filed under Featured Articles | Read More

Does “Trading Down” Really Exist?

“Trading Down” has become the wine industry’s simple explanation for this Great Recession’s shifting consumer wine demand, but it may not actually exist in the way many seem to think. A detailed slicing and dicing of the data shows that — at the very least — it is not a strictly price driven phenomenon, is […]

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

Financially Strapped Vinfolio Selects “Assignment” As Insolvency Measure

Financially strapped online wine seller Vinfolio entered an “Assignment for the Benefit of Creditors” on Jan. 15. The process is a state-level insolvency proceeding that is an alternative for private companies to Chapters 7 or 11  in federal bankruptcy court. According to an article on the web site of Robert L. “Bob”Eisenbach III, a partner […]

January 17, 2010 | Filed under Featured Articles | Read More

New Vine, IBG Deal To Be Examined By Bankruptcy Trustee

Silicon Valley Bank (SVB) and Sherwood Partners have been ordered to appear at separate January examination sessions to answer detailed questions and produce hundreds of documents regarding Inertia Beverage Group’s  acquisition of New Vine’s (NV) debt and all its assets. The examinations call for “the most knowledgeable person” at each company to appear and produce […]

January 10, 2010 | Filed under Featured Articles | Read More

Bankruptcy Update – Diamond Oak, Renwood, Stevenot

With only one of 2009’s bankruptcy cases completed (Conti Estate/Charles B. Mitchell), 2010 is shaping up to be a bare-knuckle brawl as many of the current case contenders harden positions and sharpen their legal attacks. Wine Industry Insight has covered the latest developments in New Vine’s Chapter 7 bankruptcy in a separate article. DIAMOND OAKS […]

January 10, 2010 | Filed under Featured Articles | Read More

Cosentino Loses $14.2Million on Revenues of $10.2Million

Cosentino Signature Wineries (AIM: MCOZ) — the parent company of Cosentino Winery – suffered a pre-tax loss of US$14.2 million on gross revenues of $US10.2 million. This amounted to a per-share loss of  US$0.92 according to its just-filed 2008 annual report. The filing was a prerequisite to allow the company’s stock to resume trading. That […]

December 24, 2009 | Filed under Featured Articles | Read More

Cosentino Winery’s Legal Issues Could Seal Its Fate In Next Few Weeks

Cosentino Winery’s fate could be sealed in the next few weeks if it fails in its current desperate race to find new financing and settle legal debts according to court records, creditors and legal sources. The winery’s principal owner, Larry Soldinger of Chicago, recently told the Napa Valley Register that the company’s legal problems were […]

December 22, 2009 | Filed under Featured Articles | Read More

Inertia Beverage Group Raises $14MM in New Capital

COMPANY NEWS RELEASE: 40 New Customers In Past 90 Days, Dave Manougian, Former Golf Channel CEO, E& J Gallo Winery and Nike Executive Joins As Chairman of the Board NAPA, December 17, 2009 – Inertia Beverage Group (IBG) today announced it has secured $14 million in new capital, from existing investors Allegis Capital and Sid […]

December 17, 2009 | Filed under Featured Articles | Read More

Wine Gets Hip To Private Fashion Sites

A small number of savvy wineries have started tapping into the hot new trend of hip fashion web sites that offer “private,” time-limited sales to online shoppers. Sites like: Rue La La, Gilt, HauteLook, and Swirl originally sprang up as a way for online shoppers to get in on the action for fashion overstock and […]

December 16, 2009 | Filed under Featured Articles | Read More

Nielsen: Trading Down Shows Legs, Imports & $20+ Bottles Suck

Trading down continued to hammer U.S. wine sales in November, with imports and the over-$20-per-bottle segments leading the decline. Domestic wines managed small to moderate gains according to The Nielsen Company. Overall wine sales varied inconsistently with the time period being examined. OVERALL SALES: U.S. UP, IMPORTS DOWN Nielsen scanner data showed that, for the […]

December 14, 2009 | Filed under Featured Articles | Read More