Wine Spectator: Barolo’s Vietti Winery Sold To American BusinessmanJuly 12, 2016
The historic Barolo winery Vietti, a family-owned producer founded in 1873 in the commune of Castiglione Falletto, was purchased last week by the Krause family of Iowa for an undisclosed price, Wine Spectator has learned. Enologist Luca Currado, the current generation managing the estate, will remain as CEO of the new company, overseeing the vineyards and making the wines, and Mario Cordero will continue as director of marketing and sales. The deal includes the brand, the winery and 84 acres of vineyards.
“Two great families are coming together,” Currado told Wine Spectator. “It will allow us to take a big step up in quality and [it’s] a guarantee for the future.”
For Kyle Krause, president and CEO of Krause Holdings, Inc., it fulfills a long-held desire to own a Barolo winery. “My mother’s family is Italian and I have always had a passion for Italy and for Barolo,” he said. “When the opportunity arose to buy Vietti, it was too good to pass up.” Wine Spectator has more on this story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.