Tag: Silicon Valley Bank

Campaign to Loosen Utah Liquor Laws: An ambitious attempt to liberalize Utah's liquor laws could face stiff opposition from a devout legislature...

Sherry Lehmann’s Landlord Sues Iconic Wine Shop over $3.6 Million in Unpaid Rent: Sherry-Lehmann’s landlord is suing the iconic wine retailer as well as its former owners over $3.6 million in unpaid rent – and is demanding that its shuttered store on Park Avenue be cleared out immediately, according to a court filing...

After Farmworker’s Death in Fresno-Area Heat, UFW and Sen. Padilla Say It’s Time for Stronger Protections at Work: The case shines a spotlight on the effectiveness of a California law designed to protect workers laboring outdoors in searing temperatures — and it took center stage at a press conference called by U.S. Sen. Alex Padilla to push federal legislation that would impose stronger federal heat protections in workplaces...

Potential Rain in Hurricane Hilary’s Wake Worrisome for Sonoma County Winegrowers: North Bay winemakers have been tracking the forecast closely, worried about what any rainfall could mean at this key time of year...

Gallup’s annual Consumption Habits poll, which tracks American attitudes toward drinking and surveys who drinks what, shows wine dropping in popularity. By Jeff Siegel   More Americans...

CEO Stole over $4 Million from Company to Build Winery, Farm and Horse Ranch, Feds Say: A German man is accused of building a boutique winery, farm and horse ranch on his private Virginia property with money stolen from his company, federal prosecutors said...

Sherry-Lehmann's Own Lawyers Want to Quit on Deadbeat Park Avenue Wine Store: Sherry-Lehmann’s own long-time lawyers no longer want anything to do with the besieged wine store — joining the ranks of jilted customers feuding with the deadbeat Park Avenue retailer...

Wineries Seek $28 Million from Pacificorp for Smoke Damage: Five winery companies in Oregon’s Willamette Valley are seeking $28 million for smoke damage to grapes allegedly caused by wildfires ignited by PacifiCorp’s electrical system...

Wine Country and the Silicon Valley Bank Hangover: SVB had been the go-to bank for many North Bay wineries—who will tap the barrels now?...

2022 Napa County Crop Report Points to Continued Wine Grape Market Recovery from the Fires: Firing up farm officials with prospects of growth, Napa County's crop report released Tuesday shows an increase in the gross value of 2022 agriculture production totaling more than $894 million...

Wine Industry Sales Symposium (WISS) a Success: Last week’s Wine Industry Sales Symposium, presented by Wine Industry Network (WIN), proved to be an unparalleled platform for learning and networking...

SVB Financial Files for Ch. 11 Bankruptcy Protection, Says It Has $2.2 Billion in Liquidity: One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step: Today it announced that it has formally filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York...

Sonoma County Supes Narrowly Approve Winery Events Ordinance: The hours-long discussion included a presentation from Permit Sonoma, questions and comments from board members, input from community members (on both sides of the issues) and the board’s discussion of concerns raised. In the end, the ordinance was approved with a narrow 3-2 vote...

Silicon Valley Bank Closure Leaves Wine Industry Clients in the Weeds: There may not be quick answers to the biggest questions facing the wine industry after Silicon Valley Bank collapsed on Friday — including the future of the bank’s landmark wine industry report...