Geyser Peak Winery — the last major brand in the Ascentia Wine Estates (AWE) portfolio — has been desperately shopping itself all summer and now faces bankruptcy if a buyer is not found immediately. This according to multiple major wine industry investors. However, AWE CEO Jim DeBonis told Wine Industry Insight that such talk was […]
Summer 2011 Sales Trend May Indicate Double-Dip Wine Recession
September 14, 2011
Wine sales for the summer of 2011 have been trending downward in both dollar and case volume. This is in stark contrast with the same periods over the summer of 2010 when sales — in both dollar and case volume — showed an upward trend as the economy began to improve. This pattern has been […]
Rabobank’s “Douche-Bag Maneuver” In Olsen Chapter 11
September 9, 2011
From the moment that Willamette Valley grower Olsen Agricultural Enterprises (“Olsen Ag”) filed for Chapter 11 bankruptcy protection, Rabobank, its main secured lender, pressed for a quick liquidation of the company — something which would have immediately destroyed the business and left all its other creditors out in the cold. Bacchus Capital stepped in with […]