---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-011936"
form_type: "8-K"
ticker: null
cik: "0001834045"
company_name: "Vintage Wine Estates, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T06:00:47.427022+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vintage Wine Estates expects $130M-$145M non-cash impairment charges for Q2 FY2023

## Summary
- Goodwill impairment of $120M-$130M in Wholesale and B2B segments.
- Intangible asset impairment of $10M-$15M for Layer Cake and ACE Cider trademarks.
- Total debt $308M, cash $25M, $40M revolver available as of March 31, 2023.
- Cost reduction actions yielding ~$10M annualized profit improvement; headcount reduced 4%.
- Expects to file Q2 results by end of April 2023.

## SEC filing metadata
- accession: 0000950170-23-011936
- form_type: 8-K
- cik: 0001834045
- company_name: Vintage Wine Estates, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.06, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834045/000095017023011936/0000950170-23-011936-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834045/000095017023011936/vwe-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-011936
- JSON: https://secwatch.observer/filing/0000950170-23-011936.json
- Plain text: https://secwatch.observer/filing/0000950170-23-011936.txt

## Key facts
- Restructurings & Charges
  Vintage Wine Estates, Inc. announced a impairment with charges of approximately $120 million to $130 million affecting Wholesale and Business-to-Business reporting units.
  - Type: impairment
  - Charge: approximately $120 million to $130 million
  - Affected area: Wholesale and Business-to-Business reporting units
  source text: we estimate a goodwill impairment ranging from approximately $120 million to $130 million related to our Wholesale and Business-to-Business reporting units
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834045/000095017023011936/0000950170-23-011936-index.htm
- Restructurings & Charges
  Vintage Wine Estates, Inc. announced a impairment with charges of approximately $10 million to $15 million affecting Layer Cake and ACE trademarks.
  - Type: impairment
  - Charge: approximately $10 million to $15 million
  - Affected area: Layer Cake and ACE trademarks
  source text: an intangible asset impairment ranging from approximately $10 million to $15 million related to our Layer Cake and ACE trademarks
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834045/000095017023011936/0000950170-23-011936-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.