De Loach Files for Chapter 11
Issue: July 31, 2003
De Loach Vineyards, one of California's success stories of the 1970s, filed for bankruptcy in May, the latest in what could be a wave of restructuring in the state's troubled wine industry. Citing nearly $30 million in debt and a net loss of $2.
For the full article, check out the new issue of Wine Spectator, on newsstands July 31, 2003.