An analysis of the books of the Berkeley wine retailer shows that it collected $45M in wine orders but had no bottles associated with those orders in its warehouse.
The Berkeley wine company John Fox co-founded with Hector Ortega is in the middle of bankruptcy proceedings.
John Fox, the embattled co-owner of Premier Cru, faced some of his long-time customers at a creditors’ hearing in Oakland.
In December 2011, John Fox was all smiles as he held large scissors to cut the ribbon for the grand opening of Premier Cru’s new retail store at 1011 University Ave. Photo: Premier Cru In December 2011, John Fox was all smiles as he held large scissors to cut the ribbon for the grand opening […]
The FBI is investigating claims of a Ponzi scheme involving the Berkeley wine company Premier Cru.
As the Chapter 7 bankruptcy case of the Berkeley wine store winds its way through court, significant details emerge about its operations.
The wine company claims it has more than $70 million in debts but only $7 million in assets, most of it wine, and leaves nearly 1,000 customers in the lurch.
The owners of Premier Cru on University Avenue have shuttered the shop. Photo: Frances Dinkelspiel PREMIER CRU SHUTS ITS DOORS Premier Cru, the subject of numerous lawsuits over the alleged non-delivery of wine, has shut the doors of its retail store at 1011 University Ave. “We have transitioned to ONLINE SALES only,” reads a sign […]
Seven disgruntled customers have filed lawsuits against Premier Cru, a high-end wine store on University Avenue.