British Columbia: Paradise to Revive Bankrupt Winery
British Columbia: Paradise to Revive Bankrupt Winery
Nov 24, 2011 6
(Wines&Vines) - A year after the Holman Lang Group of wineries in B.C’s Okanagan Valley entered receivership, plans are afoot to open a new chapter on the last of the group’s wineries that was sold through the courts. Vancouver-based 6,000-case Paradise Ranch Wines Corp., a veteran ice wine producer in British Columbia, bought 5,000-case Soaring Eagle Estate Winery and associated assets this past summer for approximately CAD $3.4 million. Now, as it prepares for the B.C. ice wine harvest, Paradise Ranch president and CEO Jim Stewart is preparing to rename and relaunch the acquisition. “We’d have to get that done very early in the new year,” Stewart told Wines & Vines this week. “That all has to be determined by the end of January.”
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