Napa Valley’s beleaguered Cosentino Winery has been hit with: A $146,755.64 IRS tax lien, A judgment for $511,308.75 issued in favor of California First Leasing Corp. (CalFirst) by Orange County (Calif.) Superior Court Judge Geoffrey T. Glass, The imminent repossession of an extensive list of leased cellar and winemaking equipment including barrels, pumps, destemmer/crusher, cooling, […]
Troubled Eos Winery Looking At Buyouts For Survival
September 16, 2010
Financially distressed Eos Estate Winery has sorted through at least half a dozen buyout offers and as this article was being written may have settled on one being arranged by Joel A. “Jake” Shapiro, the former head of the now-bankrupt 360 Global Wine Company, this according to multiple high-level investment sources, court documents, financial records […]
Little Orphan Winery: For Sale (Again! Still!)
September 7, 2010
Running through more tomorrows than Little Orphan Annie, Mobius-Painter Vineyard and Winery is for sale yet again. This after investor infighting and buyer equivocation sent two potential buyers heading for the hills, one of them leaving $300,000 on the table. On its face, the 15-acre parcel of vacant land — owned by the Winery Disposition […]
Wine Group Sues Diageo Over Wine-Based Tea
September 2, 2010
The Wine Group (TWG) of Ripon, Calif., has sued Diageo PLC in U.S. District Court for the Northern District of California, alleging trademark infringement over Savannah Tea, a sweet, alcohol-spiked, iced-tea drink. Diageo has until September 22 to respond to TWG’s complaint. TWG’s formal legal complaint says that in December 2009, it introduced Olde Savannah […]