Vintage Wine Estates, the parent company of Laetitia Vineyard, has filed for bankruptcy, leaving the future of the winery uncertain and its employees facing layoffs. The company, known for owning numerous wineries including Laetitia, is going through financial difficulties, evident from the closure of tasting rooms earlier this year and ongoing struggles. The potential sale of Vintage's assets will determine the fate of Laetitia and its workers.
Vintage Wine Estates has officially informed California authorities of mass layoffs affecting 377 jobs across 10 locations, with Laetitia Vineyard expected to lose 20 positions. The company's decision to sell one of its Napa wineries to pay down debt and its plummeting stock prices have added to the uncertainties surrounding its future. The bankruptcy proceedings will shed more light on the fate of Laetitia and Vintage Wine Estates.
[
Collection
]
[
|
...
]