Story thread · 2 reports / 1 sources

Napa family rebuilt winery for $30m; 9 years later, it faces foreclosure

timesofindia.indiatimes.com · 3hShare

Signorello Estate winery faces an October auction after a series of devastating setbacks. The winery burned down in 2017, and rebuilding efforts faced significant delays and cost increases. Global wine sales have declined, impacting the business's revenue streams and financial stability. The owner owes $37 million to American AgCredit, which rejected a $16 million cash offer. This potential foreclosure threatens a 50-year family legacy and the jobs of ten employees.

First report: 1887 winery hidden for decades now part of $35M Napa estate — timesofindia.indiatimes.com, 1d