Winebusiness.com - Homepage for the Wine Industry

February 14, 2017

Montevino Partners Mark 2: a briefly splendid phoenix + Michael Moore jailed

 
Although it is always a great joy to see a phoenix rise from the ashes of a bust company (Montevino Mark 1), I have to report that this particular phoenix (Montevino Partners mark 2) has now caught fire and is headed for a crash landing and apparently liquidation. To date the deficit is not known. However, it is evident that a number of clients have not yet received wine for which they paid in full. In some cases losses may run into six figures.