Francis Ford Coppola sells his cellar to Napa Valley wine company Delicato Family Wines

0


Photo by Diane de Guzman

FILE – Warm sunny days draw visitors to Wine Country at Francis Ford Coppola Winery on July 13, 2013, near Geyserville, Calif. Coppola sold his portfolio of wines to another family-owned winery.

George Rose / Getty Images

Director Francis Ford Coppola sells his eponymous wine brand.

The sale was announced on Thursday and Delicato Family Wines takes the helm of the wine brand, which includes the Coppola wine portfolio, as well as the facilities of Francis Ford Coppola Winery and Virginia Dare Winery, and Archimedes Vineyard, all located in the Sonoma County, Delicato stated in an ad.

The sale is expected to close in July, pending regulatory approval, and details of the transaction and the purchase price were not disclosed in Thursday’s announcement. Delicato CEO Chris Indelicato called the two wine companies a “strong cultural fit”, saying the combination of the companies will lead to a “more diverse vineyard”.


Coppola also praised the sale to Delicato and his family business in the press release, stating, “Over the course of my life Coppola has become a household name across America. dream of buying a family cottage in Napa Valley has grown into a Million+ companies producing award-winning iconic wines. I am proud to report that I have found the perfect fit to bring our winery family to even higher heights. ”

This isn’t the end of Coppola’s involvement with the winery, however. As part of the sale, Coppola will own a stake in Delicato Family Wines and will join the company’s board of directors, the statement said. He will also continue to manage Inglenook in Napa and Domaine de Broglie Winery in Willamette Valley, Oregon, both of which will not be part of the sale, according to the release. Coppola has been involved in the wine industry since 1975, as Wine Spectator pointed out, starting with the purchase of Inglenook by Coppola and his wife, filmmaker Eleanor Coppola.




Source link

Leave A Reply

Your email address will not be published.