Geyser Peak Winery Facing Bankruptcy? Just Rumors Says CEO

Geyser Peak Winery — the last major brand in the Ascentia Wine Estates (AWE) portfolio — has been desperately shopping itself all summer and now faces bankruptcy if a buyer is not found immediately. This according to multiple major wine industry investors.

However, AWE CEO Jim DeBonis told Wine Industry Insight that such talk was the result of rumors. “Geyser Peak is not for sale,” he said. “This has been a very good year for us.”

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Also In This Article:

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• DEBONIS SAYS SALE/BANKRUPTCY JUST RUMORS
• SOME MAJOR WINE INDUSTRY INVESTORS DISAGREE WITH DEBONIS
• AWE: DEBT RICH, ASSET POOR
• SELLING PREMIUM WINE ON BULK MARKET TO STAY ALIVE

PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF ASCENTIA

• DeBonis Back As Interim CEO At Ascentia: Updated
• Update On Ascentia’s Gary Farrell Winery Sale
• Boisset Family Estates Buys Buena Vista Carneros
• Ascentia’s Farrell & Buena Vista Sales: More Than Meets The Eye (And Less)
• Gary Farrell Winery Sold To Vincraft Group
• The Buena Vista Move: Pollyanna PR Spin Hides Ascentia’s Struggle To Survive
• Fraud, Mismanagement Allegations Plague Ascentia
• Ascentia Issues Vague Denial of Insolvency
• Ascentia, W. J. Deutsch End Distribution Deal
• A 10K Peek At EPR’s 2009 Vineyard & Winery Deals

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