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Gundlach Bundschu files for Chapter 11 bankruptcy after 166 years

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  • Gundlach Bundschu filed for Chapter 11 protection after failing to restructure debt with lenders.
  • The Sonoma County winery was founded in 1858 and will change ownership after six generations.
  • Gundlach Bundschu plans to remain open while resolving its debt and ownership issues.
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