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Gundlach Bundschu Files for Chapter 11 Bankruptcy Protection

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Story summary
  • Gundlach Bundschu files for Chapter 11 bankruptcy protection due to debt from a purchase and pandemic slowdown.
  • Canadian tariffs cut McManis Family Vineyards’ exports from 40% to 5%, prompting a $22.5 million sale.
  • Constellation Brands will lay off 212 workers at Mission Bell Winery in Madera.
  • Gallo Winery will lay off over 90 employees by January 2027 and close a Napa facility.
  • Wine Institute president Steve Gross warns the crisis threatens family legacies.