US: Winery buyers reveal expansion plans

Apr 29, 2011

Five of the most likely buyers of California's premier wine brands gathered in Santa Rosa on Thursday to discuss the future of the industry.They sat on a podium in a hotel ballroom like prize fighters before the championship fight, all five of them answering questions and explaining how they plan to conquer a slice of the wine industry. Bill Foley, owner of Foley Family Wines and probably the most active buyer, explained he was looking for hard assets like wineries and vineyards — not just virtual brands

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