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

"I noted that Kunde Family Winery is one of the operations hit by Vintage Wine Estates' Chapter 11 filing and the associated mass layoffs affecting nearly 400 employees across four counties; layoffs are expected in late September or early October pending approval, and while there is hope a buyer could hire some staff, nothing is guaranteed. The parent company pointed to reduced post-pandemic wine demand, a huge surplus of unpicked grapes, substantial debt relative to assets, and plans for asset sales and voluntary delisting." - Justine Jones