WIInsights #1 – 11/23/10 – Wall Street Journal Wrong on Holiday Discounts?…HR5034: Passage More Likely…Treasury Wine Leases…More

November 23, 2010

EDITOR’S NOTE: Wine Industry Insight gets a constant flow of information that have sometimes fallen by the wayside for lack of time or because they don’t always merit a full-blown feature article. That’s why I launched WIInsights, a new service primarily for VIP Premium Subscribers. Why premium? Why do you charge money for your wine, […]

Cosentino Winery, Eos Estates Updates

November 12, 2010

COSENTINO TO FACE BANKRUPTCY JUDGE MONDAY, RESULT COULD ACCELERATE FORECLOSURE Cosentino Winery will face a hearing in U.S. Bankruptcy Court for the Northern District of California on Monday, Nov. 15, on whether Physicians Reciprocal Insurers (PRI) will be able to foreclose on the Yountville property it holds a first trust deed on. Bankruptcy Judge Alan […]

Eos: VinREIT Flexes Muscle, Court Receiver Axes Staff, Halts Wine Shipments

November 9, 2010

Mark Burrell, the court-appointed receiver for Eos Estates Winery has laid off staff, stopped shipments of inventory and made it less likely that the business can operate itself out of its current financial hole, according to multiple sources familiar with the situation. In addition, Paso Robles VinREIT, which owns the real estate leased by the […]

Court Appointed Receiver Keeps Renwood Winery Open After 100% Layoffs

November 2, 2010

The receiver for Renwood Winery, appointed by Judge Robert S. Bardwil of the U.S. Bankruptcy Court for the Eastern District of California, has reversed the layoffs that terminated all winery employees on Oct. 22. “It’s business as usual at Renwood Winery,” said Winston Mar, an expert in struggling and distressed companies.  “The company is fully […]