California's oldest family winery files for Chapter 11 bankruptcy

Summarised from 3 outlets · Updated 25 Sept, 23:03 · Archive

Gundlach Bundschu Winery, California's oldest continuously family-owned winery at 168 years old, has filed for Chapter 11 bankruptcy.

Gundlach Bundschu Winery, a 168-year-old Sonoma institution and California's oldest continuously family-owned winery, has filed for Chapter 11 bankruptcy protection. The Daily Mail reports the winery has accumulated roughly £39 million in debt. The winery will remain open while seeking to restructure its finances.

How it is being reported

• California’s oldest family-owned winery declares bankruptcy, looks to sell as industry struggles mountThe oldest family-owned winery in California has filed for bankruptcy and is looking to sell — a heartbreaking situation that stems from multiple financial burdens that began with the COVID pandemic.Independent World · 25 Sept, 17:10
• Another blow for industry in Gavin Newsom's California as one of the state's oldest wineries goes bustOne of California's oldest wineries has filed for Chapter 11 bankruptcy after amassing roughly $39 million in debt. The 168-year-old Sonoma winery will remain open.Daily Mail · 25 Sept, 02:51
• California’s oldest continuously family-owned winery announces Chapter 11 bankruptcy after 168-year runCalifornia’s oldest continuously family-owned winery has survived earthquakes, Prohibition, wildfires and a pandemic — but a crushing pile of debt has finally forced the 168-year-old Sonoma institution into bankruptcy court. Gundlach Bundschu Winery announced that it has filed for Chapter 11 bankruptcy protection as the sixth-generation family behind the historic estate scrambles to restructure its...New York Post · 24 Sept, 00:40

In this story: Gundlach Bundschu Winery · Sonoma · California

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log