Inertia Beverage Group (IBG) has closed on the $14 million funding round announced in December and should have the money in the bank Jan. 26, CEO Ted Jansen told Wine Industry Insight today. “It’s been a long tough series of months,” Jansen said, “so this is a good news day for us.” Jansen said the […]
Does “Trading Down” Really Exist?
January 20, 2010
“Trading Down” has become the wine industry’s simple explanation for shifting consumer demand in this Great Recession. But a detailed slicing and dicing of the data shows that it is not a strictly price driven phenomenon, is far more complicated than it seems, and may not really exist in the way that most seem to […]
New Vine, IBG Deal To Be Examined By Bankruptcy Trustee
January 10, 2010
Silicon Valley Bank (SVB) and Sherwood Partners have been ordered to appear at separate January examination sessions to answer detailed questions and produce hundreds of documents regarding Inertia Beverage Group’s acquisition of New Vine’s (NV) debt and all its assets. The examinations call for “the most knowledgeable person” at each company to appear and produce […]