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 with current winery management to allow them to liquidate the assets which include the winery real estate and wine-making equipment.

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• CHAIRMAN COMPLAINS ABOUT ARTICLE, OFFERS NEITHER DETAILS NOR DENIAL

• $12.5 MLN DEBT DEFAULT PROMPTS FILING OF FORECLOSURE PAPERS

• ALMOST $20 MILLION OUTSTANDING IN LIENS & JUDGMENTS

• CREDITORS GET MANAGEMENT AGREEMENT TO LIQUIDATE

• PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF COSENTINO WINERY

• Cosentino Winery: New $147K IRS Lien, $511K Court Levy, Possible Cellar Gear Repo
• Cosentino Financing Fails, Will Cease Custom Crush
• Cosentino Running Out of Last Chances? Growers Head For Court, MCOZ Stock Suspended Again
• Cosentino Gets Brief CDFA License Suspension
• Cosentino: Legal, Regulatory Hurdles Mount
• Cosentino Loses $14.2Million on Revenues of $10.2Million
• Cosentino Winery’s Legal Issues Could Seal Its Fate In Next Few Weeks
• Cosentino Winery Sued For $500K+ In Latest Legal Battle
• Follow-Up On CDFA Cosentino Hearing
• Judge Lets Cosentino Dodge $1.2 Million In Grower Payment Demands
• Cosentino Woes Mount, Stock Trading Suspended
• Cosentino’s Strong Consumer Support Not Reflected In Financials
• Cosentino Scrambles For Shelter To Stay Ahead Of Lawsuits
• Sale/Leaseback Owners Shopping Cosentino’s Lodi, Pope Valley Wineries and Vineyards
• Cosentino’s Financial & Legal Woes Gathering Momentum
• Cosentino Defaults On Loan Interest, Says Current Banks Won’t ReFi

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