US: Are California Wineries Looking to Sell?
US: Are California Wineries Looking to Sell?
Dec 16, 2011 6
(WineSpectator) - When Fiji Water purchased Justin Vineyards in the closing days of 2010, was it a sign? It’s far from a fire sale, but wineries in California are changing hands while others are quietly taking on new partners. The surge of deals follows two years of slow business activity—the struggling economy meant plenty of wineries were struggling but no one wanted to rise to their financial rescue. With growth slowly resuming, players with deep pockets, such as Fiji Water and Boisset Family Estates, are looking to expand. At the same time, vintners are facing increasing competition, and a generation of pioneering winery owners are getting ready to retire.
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