The sale of financially troubled Renwood Winery has moved a step closer with the  approval of a consent agreement that will allow the assets to be sold free and clear of liens and lawsuits. Robert S. Bardwil, U.S. Bankruptcy Court Judge for the Eastern District of California, has approved a compromise consent agreement in the […]

Koerner Rombauer has agreed to buy the Twin Rivers Vineyard from the bankruptcy estate of Renwood Vineyard Properties. A hearing to approve the sale is scheduled for  May 25, 2011 in the U.S. Bankruptcy Court for the Eastern District of California. COURT APPROVAL EXPECTED UNLESS AN OVERBID IS OFFERED The court is expected to approve […]

A little more than a year after Warren Buffett shook up the wine and spirits distribution world by buying Tennessee’s largest distributor, the state’s second largest — Lipman Brothers, — has signed a deal to buy its smaller rival Tennessee Wine and Spirits (TWS). While neither company’s CEO was available for comment, sources close to […]

UPDATE, May 11: A source close to the sale informed Wine Industry Insight that the total sale price of the winery was closer to $25 million. ———– Original Article Continues Below ————– The late April sales of Gary Farrell Winery and Buena Vista Winery by Ascentia Wine Estates hold more than meets the eye … […]

Metro Premium Wines has sued Bogle Vineyards and Winebow, charging them with ten counts including breach of contract, fraud, and conspiracy. The lawsuit, originally filed in Cook County (Chicago) Circuit Court, has been transferred to federal court for the Northern District of Illinois, Eastern Division. Bogle Vineyards says it terminated Metro Premium as its distributor […]