Gaucho Announces Court Approved Settlement and Timeline to Emerge From Chapter 11
Gaucho Group Holdings (OTC:VINOQ) has received court approval for a settlement agreement with a major creditor in its Chapter 11 case on March 28, 2025. The settlement terms require closing by May 22, 2025, with the company expected to exit Chapter 11 by June 2, 2025.
The agreement includes mutual releases between Gaucho Holdings and 3i, LP, resolving all outstanding claims. The Court has retained jurisdiction to oversee the implementation and resolve potential disputes. The company views this as a important step toward stabilizing its foundation and will now focus on operating and growing its portfolio of businesses in Argentina, which includes e-commerce platforms specializing in fine wines, luxury real estate, and leather goods.
Gaucho Group Holdings (OTC:VINOQ) ha ricevuto l'approvazione del tribunale per un accordo di transazione con un importante creditore nel suo caso di Chapter 11 il 28 marzo 2025. I termini dell'accordo richiedono la chiusura entro il 22 maggio 2025, con l'azienda prevista per uscire dal Chapter 11 entro il 2 giugno 2025.
L'accordo include liberatorie reciproche tra Gaucho Holdings e 3i, LP, risolvendo tutte le rivendicazioni in sospeso. Il tribunale ha mantenuto la giurisdizione per supervisionare l'attuazione e risolvere eventuali controversie. L'azienda considera questo un passo importante verso la stabilizzazione della sua base e ora si concentrerà sull'operatività e sulla crescita del suo portafoglio di attività in Argentina, che include piattaforme di e-commerce specializzate in vini pregiati, immobili di lusso e articoli in pelle.
Gaucho Group Holdings (OTC:VINOQ) ha recibido la aprobación del tribunal para un acuerdo de liquidación con un acreedor importante en su caso de Capítulo 11 el 28 de marzo de 2025. Los términos del acuerdo exigen el cierre para el 22 de mayo de 2025, y se espera que la empresa salga del Capítulo 11 para el 2 de junio de 2025.
El acuerdo incluye liberaciones mutuas entre Gaucho Holdings y 3i, LP, resolviendo todas las reclamaciones pendientes. El tribunal ha mantenido la jurisdicción para supervisar la implementación y resolver posibles disputas. La empresa considera esto un paso importante hacia la estabilización de su base y ahora se centrará en operar y hacer crecer su cartera de negocios en Argentina, que incluye plataformas de comercio electrónico especializadas en vinos finos, bienes raíces de lujo y artículos de cuero.
가우초 그룹 홀딩스 (OTC:VINOQ)는 2025년 3월 28일 챕터 11 사건에서 주요 채권자와의 합의에 대한 법원의 승인을 받았습니다. 합의 조건은 2025년 5월 22일까지 마감해야 하며, 회사는 2025년 6월 2일까지 챕터 11에서 벗어날 것으로 예상됩니다.
이 합의에는 가우초 홀딩스와 3i, LP 간의 상호 면책이 포함되어 있으며, 모든 미결 청구를 해결합니다. 법원은 이행을 감독하고 잠재적인 분쟁을 해결하기 위해 관할권을 유지했습니다. 회사는 이를 기반을 안정시키기 위한 중요한 단계로 보고 있으며, 이제 아르헨티나에서 고급 와인, 고급 부동산, 가죽 제품을 전문으로 하는 전자 상거래 플랫폼을 포함한 사업 포트폴리오의 운영 및 성장에 집중할 것입니다.
Gaucho Group Holdings (OTC:VINOQ) a obtenu l'approbation du tribunal pour un accord de règlement avec un créancier majeur dans son affaire de Chapitre 11 le 28 mars 2025. Les termes de l'accord exigent une clôture d'ici le 22 mai 2025, l'entreprise devant sortir du Chapitre 11 d'ici le 2 juin 2025.
L'accord comprend des libérations mutuelles entre Gaucho Holdings et 3i, LP, résolvant toutes les réclamations en cours. Le tribunal a conservé la juridiction pour superviser la mise en œuvre et résoudre d'éventuels litiges. L'entreprise considère cela comme une étape importante vers la stabilisation de sa base et se concentrera désormais sur l'exploitation et la croissance de son portefeuille d'activités en Argentine, qui comprend des plateformes de commerce électronique spécialisées dans les vins fins, l'immobilier de luxe et les articles en cuir.
Gaucho Group Holdings (OTC:VINOQ) hat am 28. März 2025 die Genehmigung des Gerichts für einen Vergleich mit einem wichtigen Gläubiger in seinem Kapitel-11-Fall erhalten. Die Bedingungen des Vergleichs erfordern einen Abschluss bis zum 22. Mai 2025, wobei das Unternehmen voraussichtlich bis zum 2. Juni 2025 aus dem Kapitel 11 austreten wird.
Die Vereinbarung umfasst gegenseitige Freistellungen zwischen Gaucho Holdings und 3i, LP, die alle ausstehenden Ansprüche klärt. Das Gericht hat die Zuständigkeit behalten, um die Umsetzung zu überwachen und mögliche Streitigkeiten zu lösen. Das Unternehmen betrachtet dies als wichtigen Schritt zur Stabilisierung seiner Basis und wird sich nun auf den Betrieb und das Wachstum seines Portfolios an Unternehmen in Argentinien konzentrieren, zu dem E-Commerce-Plattformen gehören, die sich auf edle Weine, Luxusimmobilien und Lederwaren spezialisiert haben.
- Court approval of bankruptcy settlement agreement provides clear path to exit Chapter 11
- Resolution of claims with major creditor 3i, LP through mutual releases
- Defined timeline for emergence from bankruptcy by June 2, 2025
- Company remains in bankruptcy proceedings until June 2025
- Trading status downgraded to OTC markets (VINOQ)
Settlement Terms Approved; Company to Exit Chapter 11 on or Before June 2, 2025
MIAMI, FL / ACCESS Newswire / March 31, 2025 / Gaucho Group Holdings, Inc. (OTC:VINOQ), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories (the "Company" or "Gaucho Holdings"), announced that on March 28, 2025, the United States Bankruptcy Court approved a settlement agreement between the Company and a major creditor in connection with its pending Chapter 11 case.
The Court's approval of the settlement allows the parties to satisfy the terms required before closing of the settlement, which shall be no later than May 22, 2025, unless extended by the consent of both parties. The Court found the terms of the settlement to be fair and negotiated in good faith, with no objections raised by other parties in interest. Under the agreement, Gaucho Holdings and 3i, LP will exchange mutual releases, formally resolving any outstanding claims between the parties.
Pursuant to the terms of the settlement, Gaucho Holdings is required to file a motion with the Court to seek dismissal of the Chapter 11 case by no later than June 2, 2025. The Court has retained jurisdiction to oversee the implementation of the agreement and to resolve any potential disputes related to its execution.
With the Court's approval now in place, Gaucho Holdings is pleased to move positively forward from this chapter and return its focus to operating, managing, and growing its portfolio of businesses in Argentina. The Company views this as an important step toward stabilizing its foundation and continuing to explore opportunities that may build value for its stakeholders. At the macro level, recent economic reforms and pro-market developments in Argentina have created a more favorable business climate. Gaucho Holdings remains encouraged by these changes and anticipates participating in what it believes could be a period of meaningful expansion in the years ahead.
The full terms of the settlement agreement and related court documents are available in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission, accessible at https://ir.gauchoholdings.com/sec-filings/all-sec-filings.
About Gaucho Group Holdings, Inc.
For more than ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com) mission has been to source and develop opportunities in Argentina's undervalued luxury real estate and consumer marketplace. Our company has positioned itself to take advantage of the continued and fast growth of global e-commerce across multiple market sectors, with the goal of becoming a leader in diversified luxury goods and experiences in sought after lifestyle industries and retail landscapes. With a concentration on fine wines (algodonfinewines.com & algodonwines.com.ar), hospitality (algodonhotels.com), and luxury real estate (algodonwineestates.com) associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires® (gaucho.com), these are the luxury brands in which Argentina finds its contemporary expression.
Cautionary Note Regarding Forward-Looking Statements
The information discussed in this press release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein concerning, among other things, changes to exchange rates and their impact on the Company, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. Refer to our risk factors set forth in our reports filed on Edgar. The Company disclaims any obligation to update any forward-looking statement made here.
Media Relations:
Gaucho Group Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
rstear@gauchoholdings.com
SOURCE: Gaucho Group Holdings, Inc.
View the original press release on ACCESS Newswire
FAQ
When will Gaucho Group Holdings (VINO) exit Chapter 11 bankruptcy?
What are the key terms of VINO's bankruptcy settlement agreement?
What businesses does Gaucho Group Holdings (VINO) operate?
What is the current trading symbol for Gaucho Group Holdings (VINO)?
