US: 360 Global insists bankruptcy will not harm Viansa
California's 360 Global Wine Co. has insisted its application for Chapter 11 bankruptcy will not affect operations its Viansa winery.
The company said last night (12 March) that wines from the winery will continue to be sold despite it filing for bankruptcy after running up reported debts worth US$39m.
John Bryan has been appointed CEO and chief restructuring officer to guide the company through Chapter 11, 360 Global added.
Bryan was unavailable for comment as just-drinks went to press.
In December, 360 Global had boasted that it was set to seal the US$25m acquisition of an unnamed US-based wine and spirits group.
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