COSENTINO GAINS FURTHER FINANCING

Cosentino Signature Wines agreed to a two-year extension to its credit facility and obtained a further $3.8 million in finance that will help the company get back on its feet.

In February, chief executive, Kevin Smith resigned as a condition for the Napa Valley-based wine group to secure a $3 million loan. Prior to that, Neville Calvert, former executive director in charge of business development, left due to financial problems in January.