Editor’s Note: In the interest of expediency at getting information out about a breaking news story, I am taking the unusual step of publishing the following press release in its entirety.
Marchesi Antinori and Ste. Michelle Wine Estates announce change in ownership in the iconic Napa estate
NAPA, California (May 9, 2023) – Marchesi Antinori, one of the oldest Italian family-owned fine wine producers; and Ste. Michelle Wine Estates, the largest winery in the Pacific Northwest and among the largest premium wineries in the U.S.; have announced that Marchesi Antinori will take over full ownership of Stag’s Leap Wine Cellars after 16 years of collaboration with the prestigious American company.
“There are few opportunities in one’s lifetime when such an important and historical winery as Stag’s Leap is available. I have to thank Ste Michelle Wine Estates for this great occasion that has been given to us,” said Piero Antinori, Honorary President for Marchesi Antinori.
“It is a source of pride for me and my family to have the possibility to confirm the promise made to my friend Warren Winiarski 16 years ago, to preserve the legacy and the values of such a prestigious estate as Stag’s Leap Wine Cellars is,” added Antinori.
“It has been an honor partnering with the Antinori family to build on the incredible history of Stag’s Leap Wine Cellars over the past 16 years, and we wish the family well as they carry this legacy into the future,” said Shawn Conway, Chief Executive Officer for Ste. Michelle Wine Estates.
“Our roots – dating back 90 years this year – are in the Pacific Northwest, and that’s where the future of our company lies, as well. This move enables us to better focus our energy and resources on the part of our business with the greatest potential for growth – our Pacific Northwest portfolio,” added Conway.
The family, which is the only Italian wine-producer to own a winery in Napa, has been already involved in the Valley since 1985. Stag’s Leap Wine Cellars confirms the strong belief of Antinori for this extraordinary territory.
The transaction is expected to close by the end of June.
I realize you released this asap and probably don’t have all of the information, but will it affect Col Solare in any way?
Adonis, I’ll be working on a follow-up.