Wine Spectator: Napa’s Duckhorn Files Papers To Go Public With Stock OfferingFebruary 24, 2021
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.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.