The Wine Crisis: Another Winery with Financial Problems
5 Articles
5 Articles
The crisis facing the wine sector added a new chapter. Following in the footsteps of Norton and Bianchi, now the Sanjuanina winery Casa Montes recognized that it faces embargoes in its accounts and a million-dollar debt -with 280 cheques rejected for more than $400 million-.From the company they assure that they are progressing with a plan to normalize their payments.In the winery owning the brands Ampakama, Fuego Negro, Alzamora and Baltazar en…
After the background of Norton and Bianchi, Casa Montes, from San Juan, owes more than $450 million.The companies that are on the edge of the contest and the factors that complicate them.
In less than three months, three Argentine wineries were exposed to financial problems, with cheques rejected for billions of pesos and, in one of the cases, a preventive contest already open. Casa Montes, Bodegas Bianchi and Norton concentrate today the main alerts within an industry that goes through its worst moment in years.According to data from the National Institute of Viticulture (INV), the consumption of wine in the internal market reco…
Bodegas De Argentina Denies a Sectoral Crisis: “There Are Specific Situations, It Is Not Widespread”
In recent weeks, Argentine viticulture remained at the center of the scene. This time, it was not for good reasons, such as wines with 100 internationally awarded points or wineries, but for the bad financial moment of some companies with debts of millions of pesos. This situation lived Norton, Bodega Bianchi and recently added to the list Casa Montes, of San Juan, occurs in an economic context of the wine sector, marked by the fall of consumpti…
After the background of Norton and Bianchi, Casa Montes, of San Juan, owes more than $450 million. Companies that are on the edge of the competition and the factors that complicate them. Also the meat and poultry sectors are facing serious difficulties. The list of companies with financial problems is expanded. Although these are sectors with different situations, the common denominator is the same: debts that grow in the face of the challenge o…
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