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Chapter 11 filing is intended to enable Company to address debt obligations and pursue asset sales $60.5 million debtor-in-possession financing Sale of Cosentino real property and equipment with proceeds of $10.5 million Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEW...
Brings extensive experience with financial restructurings, financings, and complex negotiations Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced the appointment of Steven Strom to its Board of Directors, as of ...
Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced that the Company and its lender group have amended the forbearance agreement dated March x, 2024 to extend the forbearance period to May 15, 2024. The lenders have also agreed...
Leadership accelerating efforts to streamline business model with focus on branded Super Premium+ wine and cider across wholesale and direct-to-consumer (“DTC”) channels Measurable progress on monetization of non-core production services and stand-alone DTC platforms t...
Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced the appointment of Farzana Shubarna in the newly created role of Vice President ...
Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for the first three months of fiscal 2024 ended September...
Seth Kaufman joined VWE as President and CEO on October 30, 2023, and brings extensive leadership experience from large consumer-oriented brand enterprises including his most recent role as President & CEO of Mo ë t Hennessy Vintage Wine Estates, Inc. (Nasdaq: VWE a...
Fiscal 2023 revenue of $283 million and 30.1% gross margin Amended credit agreement, expected cash from operations and potential asset sales expected to provide sufficient liquidity to stabilize business and focus on growing revenue and cash flow Continued progress with Fi...
Terms and covenants support execution of Five-Point Plan and transition year fiscal 2024 Expected to provide sufficient liquidity to support fiscal 2024 plans as Company advances to positive cash generation from operations Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW)...
Preliminary unaudited fiscal 2023 revenue is estimated to be $290 million with gross margin of approximately 30% to 32% Announces preliminary expectations for fiscal 2024 reflecting restructuring benefits and business improvements Simplification of business and reduced SKUs enab...
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Chapter 11 filing is intended to enable Company to address debt obligations and pursue asset sales $60.5 million debtor-in-possession financing Sale of Cosentino real property and equipment with proceeds of $10.5 million Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEW...
Brings extensive experience with financial restructurings, financings, and complex negotiations Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced the appointment of Steven Strom to its Board of Directors, as of ...
Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced that the Company and its lender group have amended the forbearance agreement dated March x, 2024 to extend the forbearance period to May 15, 2024. The lenders have also agreed...