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Bodegas Bianchi Seeks Creditor Deal to Avert Insolvency as Liquidity Strains Mount

The winery is courting creditor support to avoid a court-supervised restructuring.

Overview

  • BCRA records show bank exposure of roughly $18,661 million pesos and 80 checks rejected for insufficient funds totaling about $1,012 million between December 26 and January 14.
  • Bodegas Bianchi says it has opened talks with banks, suppliers and other creditors to restructure its payment chain and safeguard ongoing operations.
  • Most of the company’s bank debt is concentrated at Banco Supervielle, Banco Macro, Banco Nación and Banco Provincia, according to the Central de Deudores.
  • Pablo Glöggler has exited the CEO role as the company pursues financial normalization, following a November leadership change that installed Ariel Núñez Porolli.
  • Industry pressures include falling domestic consumption and the weakest wine exports in a decade per the INV, with Bodega Norton’s October concurso underscoring broader payment-chain stress.