Entertainment Properties Trust (NYSE:EPR) has finally exited the wine industry after losing at least $130 million over the past six years. And fast on the heels of that exit is the abrupt and immediate departure of its CEO and President, David Brain, whose replacement by the firm’s COO was immediate according to EPR’s 8-K filed […]
Deerfield Ranch Winery Says Chapter 11 Resulted From Shoddy Rabobank Actions
February 18, 2015
Deerfield Ranch Winery’s Feb. 13, 2014 Chapter 11 filing should never have been necessary but for shoddy treatment by senior secured lender Rabobank according to a winery declaration filed in U.S. Bankruptcy Court for the Northern District of California (Santa Rosa.) The declaration by Robert Rex, winery co-founder and winemaker charged that Rabobank had dealt […]
Micro-Agglomerates: 350 Million Illegal Corks Per Year?
February 4, 2015
Agglomerated cork manufacturers and importers are facing scrutiny from two major federal agencies over health concerns about the plastic used to bind bits of cork glued together. The concern is that chemicals in the binding plastic can leach into wine. The Environmental Protection Agency (EPA) and the Food and Drug Administration (FDA) are both looking […]