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Home » Archives by category » Featured Articles (Page 82)

Layoffs At Jackson Family Wineries? Reorganizing By Any Other Name Smells Like Layoff

A rose by any other name can be as bitter as a layoff. Multiple emails came into Wine Industry Insight’s email box today from people who said they had been laid off. ” I’m a victim of another round of layoffs at Kendall Jackson,” said one email. “I know of about ten people having been […]

June 10, 2009 | Filed under Featured Articles | Read More

Stevenot Winery, Golden Eagle Estates Bankruptcy Update

After weeks of wrangling over the appointment of a U.S. Trustee [$VIP]to oversee the winery’s operations, a hearing has been scheduled for 1 p.m., June 24 in Sacramento Bankruptcy Court. Among notable new filings: Stevenot filed a disclosure statement for its reorganization plan [$VIP]. The creditor’s committee has filed an objection to the plan [$VIP]. […]

June 10, 2009 | Filed under Featured Articles | Read More

First Lawsuits Filed in New Vine Meltdown

Two lawsuits, one of them requesting class-action status, have been filed against New Vine Inc. in Napa County Superior Court. CLASS ACTION CHARGES WAGE, VACATION PAY, OTHER VIOLATIONS San Francisco Attorneys Jeremy Pasternak and Joshua Konecky filed a lawsuit on Monday, June 8, on behalf of New Vine employee Tristan Fairbanks. The civil complaint, which […]

June 9, 2009 | Filed under Featured Articles | Read More

Imports, led by Argentina Coming On Strong, But California Still Dominates

Argentine wines chalked up a 55.3 percent gain for the four-week period ending April 19, over the same period last year, according to Wine Industry Insight’s analysis of data from Information Resources Inc. VIP Subscribers click here to download Excel spreadsheet. But, while Argentina saw tremendous gains, the dollar sales for the period amounted to […]

June 9, 2009 | Filed under Featured Articles | Read More

May Wine Brand Winner And Loser Data Show Mixed Results

The overall environment for the top 100 largest-selling brands declined in May with 37 reporting sales declines versus 25 losing in April and 47 in March. VIP Subscribers: Click to download the Excel file for all of the 100 largest brands. SOLID GAINS FOR THE TOP 10 WINNERS Data from Information Resources Inc. (IRI) for […]

June 9, 2009 | Filed under Featured Articles | Read More

New Vine’s Meltdown: Summary of Act One, Still Waiting For Godot

The sudden collapse and melt-down of direct shipping star New Vine Logistics precipitated a frantic, week-long struggle to find a way to get the company functioning well enough to resume operations for the winery customers who had not already fled the ruins. With most of the 120-person workforce abruptly terminated on Friday, May 29 and […]

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

LIMBO! New Vine’s Interim Funding From IBG Raises More Questions Than Answers

Dante’s first circle of Hell has a special place called limbo which resembles an eternal dentist’s waiting room where you sit forever and never actually get your cavities filled. Much the same could be said of the vague, deal-in-progress hammered out Thursday afternoon between New Vine Logistics and Inertia Beverage group. DEBT AND DUE DILIGENCE […]

June 5, 2009 | Filed under Featured Articles | Read More

Inertia Beverage Group Acquires/Merges With New Vine

Inertia Beverage Group has emerged the winner in the financial rugby scrum to snag the remains of New Vine Logistics. Observers said that IBG laid a winning body check on front-runner WTN Services Thursday when Bob Ackerman, Managing Director and Founder of Allegis Capital agreed to substantially increase his existing investment. The financial details were […]

June 4, 2009 | Filed under Featured Articles | Read More

STILL UNDEAD: Employees Fume, Customers Fret As New Vine Bazaar Grinds On

While hopes had been high that New Vine’s investors would quickly find a suitable buyer, those hoped dimmed as the night wore on. The process frustrated everyone involved, even as progress had been made by whittling down the number of  bidders for New Vine’s bones from yesterday’s 20+ to a more realistic half dozen or […]

June 3, 2009 | Filed under Featured Articles | Read More

Napa Valley Vintners Issues Bulletin Regarding New Vine Inventory Removal

Subject: Inventory Removal from New Vine Logistics Date: June 3, 2009 The NVV is aware that the sudden, recent closing of New Vine Logistics is impacting some of our members. This morning we received a copy of the e-mail message below and want to be sure all NVV members who are also New Vine customers […]

June 3, 2009 | Filed under Featured Articles | Read More