Chimney Rock Cabernet won the first ChimneyRock Cabernets in 2002, but the winery was later acquired by the British company Bewings and has struggled to recover.
A new winery opened in the village of La Rochelle, France in 2018.
A French court has ruled that Chimneyrock has not been able to pay compensation for the loss of profits due to the fire.
The winery said the company has no intention of restarting the winemaking business, but said it is preparing to open a new winemining business, the Bewing Cabernetting in 2018, in the nearby town of Nantes.
Chimneyrock said in a statement that it will make “no further comment on this matter”.
“We are confident that the new winemaker will be able to take full advantage of the benefits of the new operation,” the winemaker added.
Bewings Caberneting, founded in 2009, is the world’s third-largest winemaker behind the famed Brouwerij de Groot and Bewers Piedmont, both of which are owned by Bewingers Caberneters.
More to come.