Two Bay Space wine corporations, Santa Rosa’s Classic Wine Estates and Napa Valley’s Duckhorn Vineyards, are planning on doing one thing this spring that no main California vineyard has tried for the reason that late 1990s: go public.
Not like their counterparts within the tech trade, the few California wineries which have gone public seldom discovered blissful endings. Robert Mondavi Vineyard confronted a hostile takeover by beverage big Constellation; no Mondavi members of the family are concerned anymore. Chalone Wine Group ended up within the arms of a spirits company that turned a few of its once-great wines into bulk labels. Ravenswood Vineyard has been all however deserted, and it’s unclear whether or not its new proprietor, Gallo, will resuscitate it.