WineInStyle

           Given the options in the dilemma outlined at the end of the WineInStyle Case, I think Eberhart should sell the business to the new group of Japanese investors.  I think the board certainly needs to take a minute and validate that the investors actually are legitimate in order to make sure (1) the existing investors get paid and (2) the company is left in good hands, but assuming those checks come back positive, I believe its time to let go. 

First and foremost, it seems like it’s time for Eberhart to finally cash out and move on to the next phase of his life.  He has spent 9+ years building a successful business and he should now take the opportunity to cash out instead of pushing the business into the risky position of chasing growth without the capital needed for that growth.  Second, given the capital needs of the business over the last few years and the capital required to continue expanding staff and inventory for growth, selling seems to be best for the long-term interests of the business, its customers, and its partners.  It is unfortunate that things will not work out as well for Khoo, but he will likely be fine and there are other stakeholders Eberhart must consider.  Finally, Eberhart needs to get back to his family!  It seems things have been better since stepping down as CEO, but he will never be 100% when he has a huge investment and his legacy still in Japan.  Time to sell!