Historic Mendoza winery Viña Maipú files bankruptcy, $384M debt

Casir Dos Santos, operator of Viña Maipú since 2014, has entered bankruptcy with $384.2 million in debt owed to five banks, following failed modernization investments. The company is requesting continued power supply during proceedings, indicating operational distress. This signals financial stress in Argentina's wine sector, potentially affecting regional employment and bank exposure.