Wine Spectator: Napa’s Duckhorn Files Papers To Go Public With Stock Offering

Duckhorn Wine Company, the Napa Valley–based portfolio of wineries headed by Duckhorn Vineyards, which has consistently made some of the top-rated Merlots from California since its founding in 1976, has filed a statement with the U.S. Securities and Exchange Commission (SEC) declaring its intention to go public.

Duckhorn, owned since 2016 by the San Francisco–based private-equity firm TSG Consumer Partners, which manages $9 billion in assets, has reserved the ticker symbol NAPA to trade on the New York Stock Exchange.

“This is a step in potentially becoming a publicly traded company. It doesn’t change our focus on making and bringing world-class wines to the consumer,” Carol Reber, who is Duckhorn’s chief marketing and DTC officer, told Wine Spectator. Duckhorn had sales of $270.6 million on volume of 1.4 million cases last year, with net income at $32.4 million. Wine Spectator has the full story.

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