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Started By
Message
15th largest producer of wine in US--Vintage Wine Estate files for bankruptcy
Posted on 8/28/24 at 9:30 pm
Posted on 8/28/24 at 9:30 pm
Vintage is eliminating its entire workforce of 377 positions and will shut down the following wineries: BR Cohn Winery, Clos Pegase, Girard, Kunde Family Winery, Viansa Winery, Sonoma Coast Winery, Laetitia Vineyard & Winery, Ace Cider, Vintage.
Vintage would “cease operations and all Vintage Wine Estates employees, at all locations, would be terminated.”
San Fran Chronicle
Vintage would “cease operations and all Vintage Wine Estates employees, at all locations, would be terminated.”
San Fran Chronicle
10
Posted on 8/28/24 at 9:52 pm to MrLSU
Never heard of any of those labels
Posted on 8/28/24 at 9:53 pm to MrLSU
Posted on 8/28/24 at 9:54 pm to MrLSU
Damn I belong to the BR Cohn winery subscription 
Posted on 8/28/24 at 10:23 pm to MrLSU
I know beer sales have plummeted and breweries have been shutting down but I didn’t know that was the case with wine and wineries.
Maybe people have really cut back on all types of alcohol consumption?
Maybe people have really cut back on all types of alcohol consumption?
Posted on 8/28/24 at 10:33 pm to Cosmo
BR Cohn and Kunde I thought were fairly popular. Wow.
Posted on 8/28/24 at 10:39 pm to Cosmo
Kunde, Cohn, and Viansa were extremely well regarded wineries.
Posted on 8/28/24 at 11:31 pm to MrLSU
(no message)
This post was edited on 8/28/24 at 11:32 pm
Posted on 8/29/24 at 6:44 am to Stamps74
quote:
Wonder why nobody bought it
My guess is that this is a product of Bidenomics coupled with California's insane tax system.
Posted on 8/29/24 at 6:51 am to udtiger
Posted on 8/29/24 at 6:54 am to Paul Allen
quote:
Crap economy - which would have people cutting back on "luxuries"
+
High interest rates (needed to finance purchase of vineyards)
+
California's confiscatory business taxes
But, yeah, I'm just talking out of my arse.
I'd imagine someone will pick up a nice bargain buying some of the assets in bankruptcy.
This post was edited on 8/29/24 at 6:55 am
Posted on 8/29/24 at 6:58 am to udtiger
quote:
which would have people cutting back on "luxuries"
I haven’t cut back at all.
Posted on 8/29/24 at 7:05 am to Paul Allen
quote:
quote:
which would have people cutting back on "luxuries"
I haven’t cut back at all.
Did I say everyone?
Posted on 8/29/24 at 7:08 am to Paul Allen
If you follow the wine industry, wine in general is “worried”.
Millenials aren’t drinking it as much and are drinking cocktails more
And gen z isn’t drinking wine at all.
Millenials aren’t drinking it as much and are drinking cocktails more
And gen z isn’t drinking wine at all.
Posted on 8/29/24 at 7:09 am to G Vice
Someone will buy Cohn and Kunde I bet.
Posted on 8/29/24 at 7:15 am to MrLSU
Is this just a juice packager or do they actually grow?
Edit: Hard to know. their website lists several growing locations, but those are owned by larger companies. It appears that Vintage may just be a marketer.
Edit: Hard to know. their website lists several growing locations, but those are owned by larger companies. It appears that Vintage may just be a marketer.
This post was edited on 8/29/24 at 7:21 am
Posted on 8/29/24 at 7:28 am to Paul Allen
quote:
Maybe people have really cut back on all types of alcohol consumption?
Or those markets have become entirely oversaturated with brands and the inevitable is happening...
Posted on 8/29/24 at 7:45 am to RummelTiger
Good point
Posted on 8/29/24 at 8:01 am to MrLSU
BR Cohn produced some very good wines. But the wine and beer business is declining. The hard liquor category is growing but not enough to offset the losses from the other two. One reason we are seeing more and more celebrities backing liquor companies.
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