8 Hrs
Source:
Los Angeles Times
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Gundlach Bundschu Files for Bankruptcy
Gundlach Bundschu, California’s oldest family-run winery, filed for Chapter 11 bankruptcy due to ongoing financial difficulties following unsuccessful efforts to restructure its debt. The winery, founded in Sonoma County in 1858, acquired additional estate land in 2020, but the COVID-19 pandemic hampered its recovery. The family plans to seek a new owner while remaining involved and continuing to operate the winery. This development reflects broader struggles across California’s wine industry, impacted by declining demand, trade tensions, natural disasters, and market shifts.
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