Cash Shortages Send Wineries to the Bank
Selling Capital Investments and Refinancing Old Debt Help Wineries Get By
May 2003 Issue of Wine Business Monthly
Most wineries are running very lean these days, riding out the remainder of this lingering industry down cycle. One of the biggest challenges facing wineries and vineyard companies today is managing debt, and for some there's plenty to manage. Many wineries are refinancing existing loans or undergoing some type of creative financing to help increase cash flow. Others are trying to liquidate assets or are bringing on equity partners.Double-digit growth of the 1990s spawned unilateral vineyard exp...
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