🍷 Historic Sonoma Winery Faces $39M Debt Hangover
Published by OOPSONLINE.IN · Source: USA Herald · 1 min read · · Updated
🔥 OOPS SAYS
We’ve all run up a regrettable bar tab, but $39 million is next-level. Here’s hoping they can pour themselves out of this glass-half-empty situation and keep the Sonoma wine flowing.
What actually happened
A historic Sonoma winery is fighting to keep its doors open after a crushing debt burden pushed the family-owned business into bankruptcy court. Gundlach Bundschu Winery files chapter 11 Wednesday, seeking protection as it restructures more than $39 million in liabilities while continuing to operate. The California winery says the court-supervised process could preserve jobs, Gundlach Bundschu Winery files chapter 11 to restructure $39M in debt while keeping its Sonoma doors open.
Key points
- A historic Sonoma winery is fighting to keep its doors open after a crushing debt burden pushed the family-owned business into bankruptcy court.
- Gundlach Bundschu Winery files chapter 11 Wednesday, seeking protection as it restructures more than $39 million in liabilities while continuing to operate.
- The California winery says the court-supervised process could preserve jobs, Gundlach Bundschu Winery files chapter 11 to restructure $39M in debt while keeping its Sonoma doors open.
Summary based on data provided by USA Herald. Full article available at the original publisher.
- #business
- #gundlach
- #bundschu