Vintage Wine Estates Monetizes Assets and Successfully Refinances Debt
On December 13, 2022, VWE was granted by The Land Conservancy of San Luis Obispo a scenic easement on its Laetitia vineyard and winery properties.
- On December 13, 2022, VWE was granted by The Land Conservancy of San Luis Obispo a scenic easement on its Laetitia vineyard and winery properties.
- The easement prohibits residential use and other development along the coastline of California in the San Luis Obispo region.
- Pat Roney, Founder and Chief Executive Officer, commented, “The Laetitia Vineyard sale demonstrates our ongoing portfolio and asset management strategy.
- We continue to pursue more of these initiatives to monetize assets where the economics are beneficial.