Cosentino Winery’s fate could be sealed in the next few weeks if it fails in its current desperate race to find new financing and settle legal debts according to court records, creditors and legal sources. The winery’s principal owner, Larry Soldinger of Chicago, recently told the Napa Valley Register that the company’s legal problems were […]
Nielsen: Trading Down Shows Legs, Imports & $20+ Bottles Suck
December 14, 2009
Trading down continued to hammer U.S. wine sales in November, with imports and the over-$20-per-bottle segments leading the decline. Domestic wines managed small to moderate gains according to The Nielsen Company. Overall wine sales varied inconsistently with the time period being examined. OVERALL SALES: U.S. UP, IMPORTS DOWN Nielsen scanner data showed that, for the […]
Did Corruption Sink Mondavi/Getty Pope Valley Project?
December 9, 2009
With one Napa County Official’s resignation over a shakedown behind them, the backers of a Pope Valley resort development have filed lawsuits against three members of the Napa County Board of Supervisors alleging improper, unethical and possibly illegal behavior over the the denial of the project’s use use permit. A member of Napa County’s legal […]
Salisbury Vineyards LLC Files Bankruptcy
December 2, 2009
Salisbury Vineyards LLC of San Luis Obispo has filed for Chapter 12 protection in U.S. Bankruptcy Court for the Central District of California. While owned and controlled by the same family, this proceeding involves a limited liability corporation and is not the same legal entity as Salisbury Vineyards, Inc., (a California “C” corporation) which owns […]