Gaucho Group Holdings Delays Quarterly Report Due to Chapter 11 Proceedings

Gaucho Group Holdings, Inc., known for its e-commerce platforms focusing on fine wines, luxury real estate, and leather goods, has announced a delay in filing its Form 10-Q for the quarter ended September 30, 2024. The delay is caused by additional requirements following the company's voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Florida.

Despite the challenges faced, Gaucho Holdings remains committed to transparency with its stakeholders. The company plans to file the necessary documentation with the Securities and Exchange Commission (SEC) within the next three weeks. The Chapter 11 filing aims to reorganize operations and reassess strategic directions, involving extensive financial assessments.

Gaucho Holdings acknowledges the patience of its stockholders and business partners during this period and promises to keep them informed about significant developments.