Although no formal announcement has been made, multiple sources in the Foley organization told Wine Industry Insight late Friday afternoon that sales and marketing managers at Foley Family Wines are scrambling to nail down sales channels — both retail and wholesale — for Eos Wines. Eos Estate is sold through Albertsons, Bevmo, Ralphs, Safeway, and […]
Eos Estate Set For Bank Sale Monday, Oct. 25
October 21, 2010
Farm Credit West has quietly scheduled the sale of Eos Estate Winery assets for 9 a.m. Monday, Oct. 25. BID REQUEST CIRCULATED PRIVATELY TO SELECT LIST The notice of the sale — set for the Farm Credit office at 175 Cow Meadow Place, Paso Robles — was quietly circulated to a select list of approximately […]
Bankruptcy Trustee Sues Renwood Winery For $1Million
October 20, 2010
The U. S. Bankruptcy Trustee appointed to oversee the Chapter 11 of the Renwood Group, Inc. (RGI) has filed two adversary proceedings against Renwood Winery to recover $995,000 in allegedly improper or fraudulent payments from RGI to the winery. RGI, which filed for Chapter 11 bankruptcy protection on Oct. 9, 2009, owns 94.74 percent of […]
New Calif “Instructional Tasting” License To Benefit Suppliers & Retailers in 2011
October 13, 2010
California retailers who want to hold instructional tastings for customers will no longer need permanent partitions in their stores or to apply for multiple temporary licenses thanks to AB605 which takes effect Jan. 1, 2011. While the new license type doesn’t actually allow the retailer themselves to conduct a tasting (except under one special circumstance), […]
Cosentino Winery In Foreclosure, Owes Almost $20Mln, Liquidation May Be In Works
October 5, 2010
Cosentino Winery is in foreclosure. And unless a buyer such as Bill Foley — who has said he wants a high-profile Route 29 addition for his collection — steps forward, winery assets may soon go into liquidation. Multiple, independently corroborating sources have told Wine Industry Insight that the winery’s largest creditors have struck a deal […]
Eos Estate Shareholder Iron Eagle Files Late Again on 10K Annual Report
October 1, 2010
The Iron Eagle Group (OTC: IEAG) has filed a notice with the Securities and Exchange Commission that it will be late filing its 10K Annual report. The company was almost four months late with its first 10K and has averaged a week late on its 10Q quarterly reports. According to IEAG’s Sept. 28 SEC filing […]