The California’s Wine Institute (WI) allocation from the USDA’s Market Assistance program fell slightly this fiscal year, falling to $6,740,077 in FY2023 from $6,887,166 in FY2023 funding. As a result, they fell one place in the top ten, from sixth to seventh. The Northwest Wine Promotion Coalition received a small increase, $1, 313,308 in FY […]

ARTICLE IN PROGRESS Despite strong objections from Winc’s UnSecured Creditor’s committee, a judge for the Delaware Bankruptcy Court ruled January 18, that the insolvent subscription wine company is free to sell all its assets free and clear to Project Crush Acquisition Corp LLC (Delaware), a newly created LLC corporation run by created by Mark Lynn […]

Winc’s attorneys filed a 10-document onslaught in the middle of the Christmas/New Year’s holiday week seeking immediate approval from the bankruptcy judge for a wide-ranging set of  financial moves and transfers. The court’s Official Committee of Unsecured Creditors (the Committee) fired back on New Year’s Eve with a pointed response that fell just slightly short […]

While the Winc, Inc., stalking horse has a leg up on buying the bankrupt company’s assets, other entities interested in acquiring the company still have an small window in which to enter a competitive bidding process. Those efforts, and its deadlines, are the culmination of an extensive sub rosa effort by Winc’s investment banker — […]

Subscription club wine seller Winc, Inc., (WBEV-NYSE, Small Cap) — filed for Chapter 11 bankruptcy on November 30, in United States Bankruptcy Court for the District of Delaware. Two of its affiliated companies — Winc Lost Poet and BWSC LLC — also filed bankruptcies. Winc was founded as Club W. The bankruptcy comes after years […]

NOTE: A draft of this article was emailed to the law firms representing each side of this case for comment. No reply has been received yet. A trial date of Dec. 5, 2023 has been set for a class-action case brought in Federal District Court for the Central District of California by a group of […]

Spring Mountain Vineyards faces a pivotal emergency hearing today in U.S. Bankruptcy Court for the Northern District of California, Santa Rosa Division to make its case for using secured assets to pay for continued operation. The Zoom proceeding before Judge Charles Novak is scheduled for 8 a.m. View previous Wine Industry Insight coverage of the […]

Saint Helena’s Spring Mountain Vineyard has filed for Chapter 11 bankruptcy. The petition was filed September 29, 2022 in U.S. Bankruptcy Court for the Northern District of California, Santa Rosa. A status conference has been scheduled for 11 a.m., November 18, 2022 at 11:00 a.m. in Oakland. Hasty Incomplete Filing The The Initial Spring Mountain […]

A storied Carneros winery with decades of history is for sale, again. The winery at 1285 Dealy Lane first reached national prominence in 1972 as the home of a stellar Pinot Noir when legendary winemaker Francis Mahoney founded Carneros Creek Winery. Things went rocky in 1998 after financial wheeler-dealer Bill Hambrecht bought into the winery […]