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Home » Archives by category » Featured Articles (Page 81)

Creditors Charge IBG/New Vine Asset Sale Is Improper

Inertia Beverage Group (IBG) has deliberately made the New Vine (NV) asset sale process confusing and misleading and has short-circuited proper notice  in order to discourage outside bidders and “buy everything themselves for next to nothing” say a group of creditors who stand to lose everything they have loaned to New Vine. Some have told […]

July 8, 2009 | Filed under Featured Articles | Read More

Top 100 Brand Winners and Losers For June 2009

While overall wine sales grew in June, so did the pain for the Top 100 largest table wine brands. Wine Industry Insight’s analysis of data from Information Resources Inc. (IRI) shows that 41 of the Top 100 showed sales declines for the four-week period ending June 14, 2009 over the same period last year. That […]

July 7, 2009 | Filed under Featured Articles | Read More

IBG To Dispose of New Vine Assets Within Two Weeks

Inertia Beverage Group will auction off the assets of New Vine Logistics Within the next two weeks, according to an email it sent to NVL’s clients today. According to that letter (reproduced entirely, below): “As the senior debt holder in New Vine, IBG has put New Vine into a foreclosure process and has scheduled an […]

July 6, 2009 | Filed under Featured Articles | Read More

Santa Rosa-Based American AgCredit To Merge With Kansas Farm Bank

Santa Rosa, Calif.-based American AgCredit is acquiring Farm Credit of the Heartland based in Wichita, Kansas, in a merger process scheduled for completion by Dec. 1. [Redacted. VIP subscriber content] VIP Subscribers click here to read the complete, un-redacted article. MERGER SPARKED BY EFFICIENCY, NOT URGENCY Two senior executives at commercial banks who examined a […]

June 29, 2009 | Filed under Featured Articles | Read More

Cosentino Woes Mount, Stock Trading Suspended

Unable to meet the London Stock Exchange’s deadline for filing its financial statements for 2008, Cosentino Signature Wineries (LSE: MCOZ) asked today that trading in its stock be suspended. The company’s 2006 and 2007 annual reports were filed on May 9, 2007 and May 20, 2008 respectively. The deadline for filing is June 30. VIP […]

June 29, 2009 | Filed under Featured Articles | Read More

June Wine Sales Eke Out Gains At All Price Points

Domestic table wine sales posted a 3.8-percent gain for the four-week period ending June 14, 2009 over the same period last year, according to Wine Industry Insight’s analysis of data from Information Resources Inc. VIP Premium Subscribers: Download Excel spreadsheet file here. Also in this Issue: ALL CATEGORIES GAIN; $20+ SMALLER GROWTH THAN MAY IMPORT […]

June 29, 2009 | Filed under Featured Articles | Read More

Trustee Appointed in Copperford/Olde Lockeford Winery Bankruptcy

Judge Michael S. McManus of the U.S. Bankruptcy Court for the Eastern District of California has appointed a United States Trustee to oversee the management of the Copperford LLC Chapter 11. [Redacted. VIP subscriber content] VIP Subscribers click here to read the complete, un-redacted article. COURT APPROVES USE OF CASH COLLATERAL After appointing Trustee Vaske, […]

June 23, 2009 | Filed under Featured Articles | Read More

Conti Progressing Under Trustee Management

Conti Estate/Charles B. Mitchell Winery operations have made a “staggering improvement” since Michael and Michelle Conti were locked out of their bankrupt business on May 4, according to court documents filed in U.S. Bankruptcy Court for the Eastern District of California. TRUSTEE ISSUES OPTIMISTIC STATUS REPORT According to the first status report filed by Robert […]

June 19, 2009 | Filed under Featured Articles | Read More

Pahlmeyer/Bear Sterns Case Transferred From NY To California

The Bear Sterns breach of contract suit against the Demeter Group and Pahlmeyer Vineyards [$VIP] has been transferred from New York Federal District Court to the Northern District of California. The case has been closed on the docket in New York, but not yet re-opened in California. SUIT ALLEGES CONFLICT OF INTEREST IN 2008 PAHLMEYER […]

June 18, 2009 | Filed under Featured Articles | Read More

May 2009: Consumers Go For Both Cheap And Choice

Consumers went for both cheap and choice in May 2009. Wine Industry Insight’s analysis of data from Information Resources Inc. shows that consumers bought more wines from the bottom and top shelves than anywhere in between. Significantly, they drank more at every price point than they did during the same four-week period last year as […]

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