In the latest sign of the times, news broke yesterday that Napa Valley-based Cosentino Signature Wines was taking various cost-cutting steps to help it better align with current economic conditions.
In addition to reportedly negotiating with debt providers about reducing and controlling debt, the organization also shuffled around some local property. Here are a few more details from a SmallCapNews article:
Cosentino has now vacated and returned three non-essential properties, along with certain equipment, that it had been leasing as the result of its August, 2007 sale and leaseback transaction at the Pope Valley, Lockeford and Clements locations. It has also consolidated its Napa Valley operations into its fully owned Yountville facility and its Lodi operations into rented space in Woodbridge.