Overview
- Norton confirmed on October 31 that it requested a preventive creditors’ proceeding, with CEO Tomás Lange saying the step is intended to preserve jobs and keep the winery operating.
- Central Bank records cited in the coverage show 108 rejected checks totaling ARS 1.442 billion, including 12 later cleared for about ARS 275 million, while the company remains listed in the system’s most favorable risk category.
- The petition follows months of financial strain and internal reorganization, including Lange’s appointment as CEO in July after leadership changes tied to the group linked to Swarovski.
- Industry data point to a weak backdrop, with the INV reporting a 17% year-over-year drop in domestic wine sales in August and La Nacion noting a 6.3% decline in exports in the first nine months of 2025.
- Sector voices warn of potential spillover effects given Norton’s scale, as the winery manages roughly 1,200 hectares, works with about 140 Valle de Uco growers, and exports to more than 70 markets.