Italian group Marchesi Antinori has tied up a deal to purchase esteemed Napa Valley producer Stag’s Leap from Ste. Michelle Wine Estates.
The Greeter sculpture, Stag’s Leap Wine Cellars. Credit: Robert Fried / Alamy Stock Photo
The family-owned company has been making inroads into the region ever since patriarch Marchese Piero Antinori visited Napa in 1985.
He formed a strong friendship with Stag’s Leap founder Warren Winiarski, who decided to sell the estate in 2007.
Ste. Michelle Wine Estates purchased an 85% stake in Stag’s Leap from Winiarski that year, and Antinori acquired the remaining 15%.
The partners have collaborated for the past 16 years, helping Stag’s Leap go from strength to strength, and Antinori is now poised to take full ownership.
The transaction is scheduled to close by the end of June, and the sale price has not been disclosed.
Read the full article HERE @ Decanter, Antinori purchases….