Deadline Looms For Bids To Buy Winc Assets. Creditor Group Objects Wants Postponement, Rules Changes

December 22, 2022

While the Winc, Inc., stalking horse has a leg up on buying the bankrupt company’s assets, other entities interested in acquiring the company still have an small window in which to enter a competitive bidding process. Those efforts, and its deadlines, are the culmination of an extensive sub rosa effort by Winc’s investment banker — […]

Winc Files Chapter 11, Leaves Behind Thousands of Creditors

December 2, 2022

Subscription club wine seller Winc, Inc., (WBEV-NYSE, Small Cap) — filed for Chapter 11 bankruptcy on November 30, in United States Bankruptcy Court for the District of Delaware. Two of its affiliated companies — Winc Lost Poet and BWSC LLC — also filed bankruptcies. Winc was founded as Club W. The bankruptcy comes after years […]