WSD has just learned that The Skalli family has entered an agreement to sell St. Supery Estate Vineyards & Winery to luxury goods provider Chanel, Inc., as in THE Chanel fashion house, creator of The Little Black Dress. Chanel's current business includes watching, jewelry and fragrances among other things, but this will be its first US alcohol brand.The company's owners Alain and Gerard Wertheimer own French estates Rauzan-Segla and Chateau Canon.
St. Supery was founded in 1982 when Robert Skalli purchased 1,530 acres in Napa Valley. Over the subsequent 30 years, the family built the brand's well-known reputation on its sauvignon blanc and cabernet sauvignon offerings.
"I am delighted to hand over St. Supery to such a well-regarded company that understands luxury brands and will continue to enhance this special property. I am confident that they will continue my vision of a Napa Valley Chateau, crafting world class estate wines, and will build on that foundation, ever improving quality," says Robert.
The sale will be completed later this month. There is no significant change in operations or management anticipated.
"I look to the future because that's where I'm going to spend the rest of my life." -- George Burns
---------- Sell Day Calendar ----------
Today's Sell Day: 14
Sell days this month: 22
Sell days this month last year: 23
This month ends on a: Fri.
This month last year ended on a: Fri.
YTD sell days Over/Under: 0
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