Monday, December 01, 2008

Closed Napa Food & Wine Center To ReOpen.

Six months after California wine pioneer Robert Mondavi's death, the not-for-profit Copia wine and food center he founded filed for bankruptcy on Monday while it seeks to restructure and stay afloat.

The center, located in California's Napa Valley, said its decision to restructure through a Chapter 11 filing will provide an additional six months to achieve long-term sustainability.

In the filing, Copia estimated its outstanding liabilities at between $50 million and $100 million. Recent news reports put its debt at $78 million.

3 comments:

Nate-n-Annie said...

I haven't been there yet. I hope it survives.

Grabmale said...

@nate and Annie: I've been there a few months ago.
It's good. I hope it survives, too. You should go and visit it soon.

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