Vintage Wine Estates Provides Update on Asset Sales as Company Progresses Towards Streamlined Business Model and Announces Forbearance Agreement with Lenders [Yahoo! Finance]
Vintage Wine Estates, Inc. (VWE)
Company Research
Source: Yahoo! Finance
Measurable progress on monetization of non-core production services and stand-alone DTC platforms to support debt reduction Lenders aligned on turnaround and restructuring plan; forbearance agreement provides time for amendment discussions Planning to report second quarter fiscal 2024 results on March 12, 2024 SANTA ROSA, Calif., March 05, 2024 BUSINESS WIRE Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) ("VWE" or the "Company"), one of the top wine producers in the U.S., today provided an update on the business to include its progress with restructuring and asset sales, discussions with its lenders and financial reporting timing expectations. Streamlined business offers commercial/operational focus and improved financial profile, supported by divestment of high-cost operations Seth Kaufman, President and CEO of Vintage Wine Estates, commented, "To reposition VWE as an omnichannel wine and cider company that offers the highest quality Super Premium+ products in the U.S.
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News
- Vintage Wine Estates' US$3.7m Market Cap Fall Books Insider Losses [Yahoo! Finance]Yahoo! Finance
- Vintage Wine Estates Announces Appointment of Steven Strom to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Vintage Wine Estates Announces Appointment of Steven Strom to Board of DirectorsBusiness Wire
- Vintage Wine Announces Forbearance Agreement Extension with Lenders [Yahoo! Finance]Yahoo! Finance
- Vintage Wine Announces Forbearance Agreement Extension with LendersBusiness Wire
VWE
Sec Filings
- 4/3/24 - Form 424B3
- 4/3/24 - Form 424B3
- 4/3/24 - Form 3
- VWE's page on the SEC website