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$11,500,000 $9,700,000 $4,300,000 ========== 25.5 million
Click here for more information. Previous Wine Industry Insight Articles on Rabbit Ridge Rabbit Ridge Winery Properties Set for Over-Bid Auction Riboli drilling test water wells for possible Rabbit Ridge Winery Purchase Simultaneously evicted and not. Is Rabbit Ridge the Schrödinger’s Cat of Wineries? Rabbit Ridge Winery Bankruptcy Trustee Hires Farm Operator for 2021 Harvest; […]
Bloomberg reported on Nov. 11 that Sycamore Partners was “Weighing $1 Billion Sale of Stag’s Leap Wine.” The Bloomberg article stated that, “Sycamore Partners is considering selling Stag’s Leap Wine Cellars for about $1 billion just one month after acquiring the label from Altria Group Inc., according to people with knowledge of the […]
Misleading? You decide: News Release: Winc Announces Pricing of Upsized IPO Market Watch: Wine Club Winc Set for Trading After Downsized IPO
While Riboli Paso Robles, LLC has taken the first steps to buy the Rabbit Ridge properties, bankruptcy rules require that an over-bid auction take place to assure maximum recovery to creditors on the sale. See previous Wine Industry Insight coverage below auction graphic. Previous Wine Industry Insight Articles on Rabbit Ridge Riboli […]
Disclosure: Lewis Perdue does not own or hold any stocks, securities or investments in wine, alcoholic beverages, food, hospitality or related companies. Wine club Winc — which postponed its October IPO — announced Tuesday it was planning to offer 1,538,462 shares of common stock at $12 and $14 per share, down from from […]
In Today’s news: “Is Naked Wines The “Netflix Of Wine”? Why Light Street Capital Expects 1,000% Return” Wrong. Just all wrong for the same reasons that Winc isn’t the Netflix of wine either as it asserts. Claims to that are simply meaningless, misleading marketing hype with absolutely no data to underpin a fantasy […]
Winery Winc postpones $75 million IPO In recent years, Winc has made some unsupportable claims that have marred its overall image. Wine Industry Insight has followed the company’s inflated claims for several years. The most recent of these was Winc’s claim that they were “The Netflix of Wine.” That claim appeared too good to be […]
The complete Riboli Declaration court filing is available to premium subscribers who can go directly to the full version by logging in here: CCBill premium subscribers, please click this link. Stripe premium subscribers, please click this link Not a Wine Executive News subscriber? Subscribe to Wine Executive News now, and get the rest of this […]