Napa family rebuilt winery for $30m; 9 years later, it faces foreclosure
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Signorello Estate winery faces an October auction after a series of devastating setbacks. The winery burned down in 2017, and rebuilding efforts faced significant delays and cost increases. Global wine sales have declined, impacting the business's revenue streams and financial st...
Signorello Estate winery faces an October auction after a series of devastating setbacks. The winery burned down in 2017, and rebuilding efforts faced significant delays and cost increases. Global wine sales have declined, impacting the business's revenue streams and financial stability. The owner owes $37 million to American AgCredit, which rejected a $16 million cash offer. This potential foreclosure threatens a 50-year family legacy and the jobs of ten employees.
Original Source
https://timesofindia.indiatimes.com/world/us/napa-family-rebuilt-its-winery-after-the-2017-wildfire-for-over-30-million-nine-years-later-debt-has-reached-37-million-and-the-50-year-old-estate-faces-foreclosure/articleshow/134383777.cms
