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Cosentino Winery In Foreclosure, Owes Almost $20Mln, Liquidation May Be In Works

Cosentino Winery is in foreclosure. And unless a buyer such as Bill Foley — who has said he wants a high-profile Route 29 addition for  his collection — steps forward, winery assets may soon go into liquidation.

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Multiple, independently corroborating sources have told Wine Industry Insight that the winery’s largest creditors have struck a deal with current winery management to allow them to liquidate the assets which include the winery real estate and wine-making equipment.

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Also In This Article:

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  • CHAIRMAN COMPLAINS ABOUT ARTICLE, OFFERS NEITHER DETAILS NOR DENIAL

  • $12.5 MLN DEBT DEFAULT PROMPTS FILING OF FORECLOSURE PAPERS

  • ALMOST $20 MILLION OUTSTANDING IN LIENS & JUDGMENTS

  • CREDITORS GET MANAGEMENT AGREEMENT TO LIQUIDATE

  • PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF COSENTINO WINERY

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