Overview
- Central bank debtor records list Casa Montes with 286 rejected checks totaling about ARS 471.4 million between May 2025 and January 19, 2026, alongside court-ordered embargos on its accounts.
- The San Juan winery says it is carrying out a payment-normalization plan and claims roughly 80% of commitments are settled, while official records show 99 of the rejected checks, equal to 34.6% of the total amount, have been paid so far.
- The strain is sector-wide: Bodega Norton entered court protection in December over roughly US$30 million in debt and now shows 314 rejected checks, and Bodegas Bianchi reported a payment reorganization with 101 checks rejected through January 22.
- Market indicators remain weak, with the INV reporting a 3.7% drop in domestic wine consumption in 2025, a 12.5% year-over-year fall in November (bottles down 16.3%), and a 6.8% decline in exports for the year.
- Manufacturing liquidity pressures are broader, as a UIA survey found 47% of firms facing payment problems and a 40% rise in bounced checks, with cases such as Frigorífico Pico accruing more than ARS 30 billion in arrears and suspending 450 workers.