Stevenot Winery Restructures Amidst Foreclosure Proceedings
Filed under: Wine
Another California winery has hit trouble. The Stevenot Winery is facing foreclosure proceedings against several of its properties. Owner Jack Munari has said that the Calaveras County winery itself will not close and will soon expand according to The Record. Three Stevenot Winery properties are scheduled to be auctioned off Jan. 12 in a foreclosure sale by Bay Sierra Mortgage Fund of Santa Rosa. Munari is raising money and planning to file bankruptcy papers to keep the winery open and under his ownership. Munari bought the winery from founder Barden Stevenot in 2006 and says that the core winery business is strong and has a larger customer base than when he bought it. He plans to add a Munari wine brand and build a second winery. Stevenot offers Chardonnay and Merlot as well as more exotic wines such as Verdelho and Torrontes. There is also a Gran Reserva line and Red Rover, a slightly lower priced wine.
