Advertisement

Copia closed permanently?

Share

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

The Napa Valley Register reports that Copia, the food and wine center in Napa that last week filed for Chapter 11 bankruptcy protection, will close for good.

Copia, also known as the American Center for Wine, Food and the Arts and co-founded by the late vintner Robert Mondavi, had sought a $2-million line of credit so it could continue operating and pay employees and vendors.

Advertisement

According to bankruptcy filings, creditor ACA Financial Guaranty Corp. objected to Copia’s motion to incur debt. The Register reports that U.S. Bankruptcy Judge Alan Jaroslovsky agreed with their objection and rejected the request Friday.

At the time of the Chapter 11 filing, Copia executives had said the closure was temporary. ‘At this time, it is highly unlikely that Copia will continue in any form other than to orderly wind down operations,’ Chief Financial Officer Joe Fischer wrote in an e-mail to the Register.

Messages left at Copia for Fischer and acting Chief Executive Garry McGuire were not returned. The next bankruptcy court hearing is scheduled for Dec. 19.

-- Betty Hallock

Advertisement