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The Spanish wine producer Bodegas Riojanas has filed for voluntary pre-insolvency proceedings at the Commercial Court of Logroño. This gives the corporate group three months to negotiate a restructuring plan with its creditors. This has been reported by the business magazine Forbes España among others.
The losses of the corporate group amounted to around 4.5 million euros in 2025 – a doubling compared to 2024. The debts currently amount to around 25 million euros. Additionally, revenue fell by 15 percent in 2025 to 13.6 million euros. Already in December, Bodegas Riojanas could no longer meet its payment plan with banks and other creditors. The company had already agreed with the unions in February of this year to implement short-time work for four months; about 70 employees are affected.
The goal of the voluntary pre-insolvency proceedings is to negotiate a restructuring plan with the creditors. This should secure the solvency and existence of the group through new financing and a capital increase. It also involves cost reduction and the possible sale of properties and vineyards.
Bodegas Riojanas includes well-known wine brands such as Monte Real and Viña Albina. The application concerns the parent company as well as the subsidiaries Bodegas Torreduero and Bodegas Viore. The company has been in existence since 1890.
(cs)
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