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From: lewis.perdue@wineindustryinsight.com

Subject: NEWS FETCH - NOVEMBER 9, 2010 - WINE INDUSTRY INSIGHT

Date: 2010-11-09 12:31:16

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November 9, 2010

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NEWS FROM DOWN UNDER NEWS FROM CHINA SOCIAL NETWORKING & MARKETING LIGHTER NEWS


Eos: Vinreit Flexes Muscle, Court Receiver Axes Staff, Halts Wine Shipments

Mark Burrell, the court-appointed receiver for Eos Estates Winery has laid off staff, stopped shipments of inventory and made it less likely that the business can operate itself out of its current financial hole, according to multiple sources familiar with the situation.

In addition, Paso Robles VinREIT, which owns the real estate leased by the winery, has filed legal papers demanding back rent from Farm Credit West (FCW)  which now owns the winery equipment, inventory and other business assets along with and several related wine brands.

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  • WILL VINREIT ACTION THWART FOLEY PURCHASE? DID HE JUMP THE GUN?

  • VINREIT ASKS COURT HELP COLLECTING $1.6+ MILLION IN RENT

  • RECEIVER ACTIONS BROUGHT WINERY TO STANDSTILL AFTER FORECLOSURE

  • FARM CREDIT’S  REPORTED CHOICE OF FOLEY THWARTED VINREIT-PARTNERED VENTURE

  • VIX GROUP STILL SEEKING FUNDING TO TRUMP FOLEY IN COURT

Previous Wine Industry Insight Coverage of Eos Estate

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Lewis Perdue
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Phone: 707-326-4503, fax: 707-940-4146
Email: lewis.perdue@wineindustryinsight.com