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	<title>Vinotrip &#187; vinflio</title>
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		<title>Vinfolio Enters Restructuring</title>
		<link>http://www.vinotrip.com/2010/01/17/vinfolio-enters-restructuring/</link>
		<comments>http://www.vinotrip.com/2010/01/17/vinfolio-enters-restructuring/#comments</comments>
		<pubDate>Mon, 18 Jan 2010 02:19:53 +0000</pubDate>
		<dc:creator>Gary</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[sad]]></category>
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		<category><![CDATA[vinflio]]></category>

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		<description><![CDATA[According to CEO Stephen Bachmann&#8217;s blog post earlier today, Internet wine retailer Vinfolio &#8220;undertook a form of restructuring known as an Assignment for the Benefit of Creditors.&#8221; Operations will continue during the restructuring, according to the post. As I&#8217;ve posted on this blog, I worked for Vinfolio for almost two years in 2006-2007. The people [...]]]></description>
			<content:encoded><![CDATA[<p>According to CEO Stephen Bachmann&#8217;s blog post <a href="http://www.vinfolio.com/thewinecollector/2010/01/vinfolio-business-update-from.jsp">earlier today</a>, Internet wine retailer Vinfolio &#8220;undertook a form of restructuring known as an Assignment for the Benefit of Creditors.&#8221;  Operations will continue during the restructuring, according to the post. </p>
<p>As I&#8217;ve posted on this blog, I <a href="http://www.vinotrip.com/2008/07/14/vincellar-will-organize-your-wine-cellar-do-your-laundry-save-on-your-taxes-and-make-you-a-better-person/">worked for Vinfolio for almost two years</a> in 2006-2007.  The people at that company-some of the friendliest and most knowledgeable wine experts you&#8217;ll ever meet-were almost wholly responsible for my blossoming from tech nerd to swirling wine snob.  On the technical side, Vinfolio was in industry leader. The engineering team I worked with turned out <a href="http://www.vinotrip.com/2008/11/03/winepricescom-the-premier-tool-for-fine-wine-valuations/">some of the best wine software available today</a>.  It&#8217;s an honor to have worked with everyone there and I wish them, and Vinfolio, all the best.</p>
<p>I&#8217;ll update this post as coverage comes in from around the Internet.</p>
<p>Vinfolio CEO&#8217;s <a href="http://www.vinfolio.com/thewinecollector/2010/01/vinfolio-business-update-from.jsp">blog post</a>.<br />
Totally bonkers thread on the <a href="http://dat.erobertparker.com/bboard/showthread.php?t=217773">Squires message board</a><br />
Slightly more restrained <a href="http://forums.winelibrary.com/viewtopic.php?f=7&#038;t=30320">thread</a> on WLTV.<br />
<a href="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2010/01/18/daily12.html">Biz journals article</a> that largely recycles the CEO&#8217;s blog post.<br />
Dr. Vino&#8217;s <a href="http://www.drvino.com/2010/01/18/vinfolio-fine-wine-retailer-marketplace-restructures/">post</a><br />
<a href="http://wineindustryinsight.com/?p=7735">Wine Industry Insight</a> with more about what &#8220;Assignment for the Benefit of Creditors&#8221; means<br />
<a href="http://www.winespectator.com/webfeature/show/id/41589">Wine Spectator&#8217;s story</a> with some more information as the week goes on.</p>
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