Browsing: Bundschu

Gundlach Bundschu declares bankruptcy as the wine industry struggles

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California’s oldest family-run winery has filed for bankruptcy protection, another sign of the struggles in the wine industry. The family behind Gundlach Bundschu, founded in Sonoma County in 1858, said it couldn’t reach an agreement with lenders to restructure its debt, so it filed for Chapter 11 bankruptcy protection to buy breathing room as it…