Thursday, August 17, 2006

KENDALL-JACKSON POSTS HIGHEST BID FOR LEGACY

Jess Jackson, founder of Kendall-Jackson, has come forward as the highest bidder for Legacy Estates, the bankrupt wine company that includes Freemark Abbey winery, Arrowood Vineyards & Winery and the Byron Vineyard and Winery. Jess’ bid topped at $97 million for the assets, beating a final $94 million offer from the Huneeus family.