North Bay Business Journal

Inertia lands $14 million in additional funding

NAPA — Wine direct-to-consumer and direct-to-trade conduit Inertia Beverage Group today said it obtained $14 million in capital from existing and new investors, named a new chairman of the board and expanded its customer base by 40 to 350 in the past three months.

Inertia says New Vine bankruptcy filing doesn’t involve operations

NAPA — The new owner of New Vine of Napa today said a bankruptcy filing by New Vine Inc. won’t affect operations of the large wine-order fulfillment provider.

Amazon drops move into wine sales

NORTH COAST — The Internet retail giant Amazon.com has dropped plans to sell wine.

“I can confirm Amazon will not be getting into the wine business,” said Tracy Ogden, a spokesman for the Seattle-based company. He declined to elaborate.

Inertia wins New Vine assets in $4.5M bid

SAN FRANCISCO – Napa-based wine e-commerce conduit Inertia Beverage Group acquired the assets of Napa-based wine order fulfillment provider New Vine Inc. for $4.5 million in a foreclosure auction sale here today.

New Vine foreclosure auction delayed two weeks

NAPA – Inertia Beverage Group, a Napa-based wine order direct-to-consumer and direct-to-trade conduit, Monday evening announced it has rescheduled the bulk foreclosure sale of assets of wine-order-fulfillment provider New Vine Inc., originally scheduled to start Tuesday morning, to July 27 to allow registered and potential bidders more time to evaluate the items.

New Vine assets set for Tuesday sale

NAPA — The lead lenders to Napa-based wine direct-to-consumer logistics provider New Vine Inc., which shut down briefly in early June amid funding problems, are set to hold a bulk foreclosure sale of assets July 14.

Wine.com gets into logistics

SAN FRANCISCO – Large Internet wine retailer Wine.com today announced it has started a direct-to-consumer logistics service through its Berkeley warehouse.