Have you ever heard of the Traveling Vineyard? Hopefully none of you got duped into their in-home tasting business. The concept in my opinion was always going to be doomed because who really wants to mix the "Amway Approach" with wine? The reason we drink wine with friends is so we can enjoy eachother and have a great time.....Not so we can get our friends to buy the wine we're tasting.
Anyways, it was reported in the Boston Herald that the Traveling vineyard is filing chapter 7 bankruptcy.
"Just a year after selling off an online wine retailer for $2.5 million, Braintree-based Vinification Ventures Inc. has filed a Chapter 7 bankruptcy petition for its in-home wine tasting company.
Vinification Ventures listed debt of at least $6 million for Traveling Vineyard in court documents filed on Wednesday. Traveling Vineyard is seeking to liquidate after eight years in business."
Looks like the in-home wine tasting thing just couldn't make during these difficult economic times. I'm sure people would much rather buy overpriced make-up and health products from their friends!