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The overall environment for the top 100 largest-selling brands improved in April with just 25 reporting sales declines versus 47 losing in March. SOLID GAINS FOR THE TOP 10 WINNERS Data from Information Resources Inc. (IRI) for the four-week period ending April 19, show solid overall sale gains – up to 96.6 percent — for […]
Family owned Aqua Dulce Vineyards of Santa Clarita has filed for Chapter 11 in U.S. Bankruptcy Court for the Central Division of California. The next court hearing is scheduled for 2 p.m., June 11 at 21041 Burbank Blvd., Woodland Hills. Also in this article: WESTERN COMMERCIAL BANK LEADS LIST OF SECURED CREDITORS BROAD RANGE OF […]
Copperford LLC, dba Olde Lockeford Winery, Vino Piazza and other names, are set to argue against the imposition of a Trustee during a hearing in U.S. Bankruptcy Court scheduled for 11 a.m., May 29 Sacramento. More details to follow next week. Key court documents are available to VIP Premium subscribers in the Data Cellar. Those […]
An hour or so at Cosentino Winery’s Yountville tasting room will show the most skeptical observer that the pricey vintner has a strong core of fans and supporters that would be a credit to anyone selling wine. Unfortunately, that isn’t reflected in the overall company’s financial situation or stock price. SHARE PRICE: BRIEF BOOM FOLLOWED […]
Fred Franzia, Two Buck Chuck Profiled By New Yorker Magazine Fred Franzia is the subject of a profile in the May 18 issue of New Yorker Magazine. The full article by writer Dana Goodyear is available here (subscription to New Yorker required). The following is from the New Yorker. ABSTRACT: THE WORLD OF BUSINESS about […]
Flooding, high maintenance costs, awkwardly configured spaces and unfavorable ground-lease terms will aggravate the challenges of the current recession for any potential buyer of the bankrupt Copia assets according to the full version of a current appraisal recently made part of the court records. Because of the intensive research, analysis of comparable land and building […]
The personal and corporate finances of Michael and Michelle Conti are too intermingled with their winery to justify two bankruptcy proceedings according to the judicial order of Bankruptcy Judge Michael S. McManus who ordered a consolidation of the two cases on Friday. Also in this 746-word article: DIVORCE PROCEEDINGS ALLEGED, DENIED JUDGE CALLS MC2 WINES […]
Domestic table wine sales posted a healthy 9.5-percent gain for the four-week period ending April 19, according to Wine Industry Insight’s analysis of data from Information Resources Inc. Sales tracked by the data account for approximately 63 percent of all wine sold in the United States and is weighted in favor of popular and value […]
The people on the west side of the San Joaquin Valley are suffering, “from a disaster that if caused by nature would demand immediate actions by federal and state Emergency agencies.” — Central Valley water district’s request for an injunction to block water cutbacks. I personally swim, boat, fish and bird-watch in the Bay-Delta estuary […]
California’s water controversies — including the recent Central Valley Project lawsuit – grew more complicated Tuesday with the Obama Administration’s reversal of an Endangered Species Act (ESA) decision made by the Bush Administration. (A full copy of that lawsuit is available to VIP Subscribers in Wine Industry Insight’s Data Cellar) The Obama Administration decision reinstates […]