The most likely buyer is someone who wants to have a luxury place in the Napa Valley and a prestigious wine label to go with it.
More Quotes from Jon Fredrikson:
We're gaining traction in the U.S. market. Wine is entering the mainstream of American life for the first time.Jon Fredrikson
My guess is that it's a private person, not a wine company looking to expand its portfolio.
Jon Fredrikson
From the perspective of 3 decades in the wine industry, I can assure you right now that things have never been better in this market and the future looks outstanding.
Jon Fredrikson
Constellation continues to be so far ahead of everybody else in terms of keen financial expertise in acquiring entities after all of these years. It's such a contrast to the other big success, Gallo, which never purchased anything until the last five years, and its acquisitions have been relatively small, building organically.
Jon Fredrikson
Middle age is when you drink wine.... That combined with the health message means that you get a lot of aging baby boomers with coins in their pockets that are out to buy better quality wine.
Jon Fredrikson
They've just become so much less intimidating and more approachable, especially to people who don't drink wine.
Jon Fredrikson
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