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

Wine Spectator: Unidentified Firm Buys Napa’s Seven Stones Winery For $34 Million

December 12, 2022

Napa Valley’s Seven Stones winery has sold for $34 million following the death of its founder, Ronald Wornick, last year. The price includes a 45-acre plot of land on the outskirts of St. Helena near the Meadowood resort, including three acres of planted vineyards, a 6,600-square-foot residence and a winery.

Real estate firm Compass announced the sale. Damian Archbold of Compass would only identify the buyer as an unnamed “multinational corporation with a significant U.S. presence,” adding, “This acquisition will form part of a newly established entity for their wine business.” Wine Spectator has more.

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 :