Four Takeaways From the Bankruptcy Filing Rocking a California Wine Company | Eater SF

"I read that Sonoma Coast Vineyards is on the list of wineries to be affected by Vintage Wine Estates' Chapter 11 filing and the accompanying mass layoffs that could impact nearly 400 employees across four counties; those layoffs are expected in late September or early October pending approval, with only some hope that a buyer might rehire staff. The parent company blamed decreased post-pandemic demand, reported a large surplus of unpicked grapes and significant debt, and plans to sell assets and voluntarily delist from the stock exchange." - Justine Jones