California-based Vintage Wine Estate, one of the largest winemakers in the United States, has filed for bankruptcy as a surge in demand during the COVID-19 pandemic turned into a slump in subsequent years.
“Over the preceding months, the Company experienced negative financial headwinds that severely impacted its liquidity position,” according to a press release by Vintage, which filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court in the District of Delaware on Wednesday.
