Mainstay Varietals — Moderately Priced Cab, Chard, WZin — Treading Water, Losing Market Share

May 19, 2009

Wine Industry Insight’s analysis of data from Information Resources Inc. shows that while many unexpected price/varietal categories have shown astonishing growth, most of the top 10 market mainstay categories — moderately priced Chardonnay, Cab and white Zin —  have lost share, or have maintained some growth through price reductions. OLD STANDBYS NO LONGER LEADING GROWTH […]

Aqua Dulce Vineyards Files For Chapter 11

May 13, 2009

Family owned Aqua Dulce Vineyards of Santa Clarita has filed for Chapter 11 in U.S. Bankruptcy Court for the Central Division of California. On May 12, Judge Kathleen Thompson approved Aqua Dulce’s requests to honor pre-petition customer obligations and provide utility companies with proof of their ability to pay. Judge Thompson also gave Aqua Dulce […]

Copia Appraisal Reveals Drop In Value, Big Challenges For Potential Buyers

May 11, 2009

Flooding, high maintenance costs, awkwardly configured spaces and an unfavorable ground-lease will aggravate the challenges of the current recession for any potential buyer of the bankrupt Copia assets according to the full version of a current appraisal recently made part of the court records. Because of the intensive research, analysis of comparable land and building […]

Conti Bankruptcies Consolidated, Judge Calls Corporation “A Mere Shell”

May 4, 2009

The personal and corporate finances of Michael and Michelle Conti are too intermingled with their winery to justify two bankruptcy proceedings according to the judicial order of Bankruptcy Judge Michael S. McManus who ordered a consolidation of the two cases. DIVORCE PROCEEDINGS ALLEGED, DENIED In addition, Robert A. Luciano, the bankruptcy trustee appointed by the […]