Exclusive news and research on the wine, spirits and beer business

Foley Family Wines Expands in Napa And New Zealand, Reports Wine Spectator

May 18, 2012

Bill Foley is at it again. The financial industry executive, who has built a portfolio of more than a dozen wineries on the West Coast and in New Zealand in the past 16 years, is adding two more wine estates to his growing company—one in Napa Valley and another in New Zealand’s Marlborough region.

Foley, 65, is closing a deal to purchase Sawyer Cellars in Napa Valley, buying the property from owner Charlie Sawyer, who has owned the winery since 1994. The price is undisclosed. “Charlie thinks he’s selling for too little, and I think I’m way, way overpaying,” Foley told Wine Spectator.

 

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , ,

GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.

Previous :  Next :