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News in Brief – Wine & Spirits Magazine
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Fewer North Bay employers report layoffs, but number of job cuts climbs
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Fewer North Bay employers report layoffs, but number of job cuts climbs
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Delicato Family Wines to acquire Francis Ford Coppola Winery
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Coppola turned 82 this year; his wife Eleanor is 85. Both of their surviving children work in cinema like their parents once did, and neither was believed to be interested in running what had become a sprawling winery operation.
The deal does not include Inglenook winery and vineyard in Napa; Coppola s home is on the property. It also does not include Domaine de Broglie winery and vineyard in Oregon, which Coppola bought in 2018. But it does include the other Coppola brands, two wineries in Geyserville in northern Sonoma County, and the 100-acre Archimedes Vineyard parcel in Sonoma s Pine Mountain-Cloverdale Peak AVA.
Delicato issued a press release about the deal but a company spokesman said no interviews would be granted until the Federal Trade Commission signs off on it. Delicato was already the nation s fifth largest winery by production size; the press release says the deal will make Delicato the No. 5 supplier of US wines over $11.