The Washington Wine Enthusiast, which bills itself as “the world’s leading wine website,” is facing a new problem.
The Washington Business Journal reports that the company that owns Hillinger has closed its doors.
Hillinger Wine & Spirits, the company behind the popular website, has closed down, and will be replaced by another wine company.
The business of Hillinger, which began in 2004 as a blog and expanded to a website in 2010, went into debt during the Great Recession.
It lost $20 million in the last quarter of this year, and its total debt stood at $125 million at the time of its closure.
According to the WSJ, the decision to close down was a result of declining sales and other factors, including the loss of key revenue sources, which was offset by the growth of its blog and its website.
“The company has been in debt for over two years,” wrote a spokesperson.
But the spokesperson added that the WSJD has no plans to sue Hillinger over the closure.
They will be taking a different approach to their own business.
I guess the question now is: why do we have to make this decision?
What’s interesting about this is that it’s not just that Hillinger is shutting down, but that the Washington Business Journals is shutting it down.
In a separate report, The Wall Street Journal reported that the Wall Street firm that owns WSJD and Hillinger was in talks with the company to merge the two sites.
On its website, the WSJJ reported that its blog has been “a major contributor to the success of the site.”
It added that “more than 90% of visitors have come from our blog.”
The Wall Street News noted that “Hillinger’s blog has more than 4.4 million monthly unique visitors and more than 200,000 unique page views.”
Hillinger has also been a leader in the wine industry.
The WSJ said that in 2013, the site was “the top-selling site for wines on the web.”
As The Wall St Journal noted, “In 2014, it was one of the top-grossing brands on the Web.
In 2015, it ranked fifth.
While The WSJD reported that “it expects to have $1 billion in net revenue by 2019,” it added that this figure “does not include any of the intangible assets of the business.”
What does this mean for Hillinger’s future?
The WSJD’s move comes as Hillinger and the WSJS are both on the cusp of their third consecutive quarterly losses.
For its part, the Washington Wine Industry Association said that it will take “appropriate action” to “reduce the risk” of a potential merger.
So, if the Washington Beer and Wine Association wants to see an outcome from this merger, they’ll need to look elsewhere.
If this is the case, it could potentially open the door for a merger of the Washington Restaurant Association and the Washington Beverage Association.
Wineries are not alone in struggling.
Other food and beverage industry players, including PepsiCo, PepsiCo (NYSE:PEP), General Mills (NYSE,GME:GAS), and Coca-Cola (NYSE) are struggling with a lack of consumer loyalty.
What is happening in Hillingernews?
Wineshops like Hillinger have been struggling for years.
Many have tried to survive on the margins and survive by selling off the business.
But, this year the industry seems to be going through a major consolidation.
Over the last few years, as prices for premium brands have risen and the cost of wine has fallen, many of these small-batch businesses have been forced to close.
One of the major challenges for small-batch businesses has been to find enough customers to keep up with rising costs.
As a result, many are going out of business.