4/7/2023 0 Comments Coppola wine napa![]() ![]() Gallo Winery completed a blockbuster $810 million deal with Constellation Brands in January, which followed both The Duckhorn Portfolio of St. The acquisition will help Delicato compete in an increasingly competitive market, as companies are trying to get bigger in a bid for more market share. “The fundamentals of our business remain strong, our employee culture is thriving, and we are committed to our proven strategy focused on long-term, profitable, and sustainable growth.” ![]() “As the winery has accelerated growth over the last five years, today earmarks the continuation of our family's work and the culmination of a shared vision to lead the industry,” said Chris Indelicato, chief executive officer of Delicato, his family-owned winery. Prior to the deal, Coppola had employed about 380 workers, while Delicato has a workforce of about 800. The transaction was approved by the Federal Trade Commission on June 26.Īs part of the sale, Coppola said that it would permanently release 90 workers, according to a July 1 filing with the state Employment Development Department. ![]() The price was not disclosed but Francis Ford Coppola, the Academy Award-winning director of “The Godfather” and “Apocalypse Now,” gets an equity stake in Delicato and a seat on the company’s board. Delicato Family Wines of Napa said Monday that it finalized an acquisition of the Francis Ford Coppola wine portfolio that was announced on June 24.ĭelicato acquired both the Coppola winery in Geyserville and the Virginia Dare Winery, along with its Archimedes Vineyard, as part of the transaction. ![]()
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