Mondavi Selling Arrowood and Byron
Just when you thought the Mondavi rumor mill had run its course, Mondavi has produced another. They have quietly continued selling off their smallest brands (Arrowood and Byron) and have reportedly received (what seems to me to be) a pretty generous offer for both of $37 million. Somebody buying both indicates that its likely a large player, not a local buyer since the wineries are in Sonoma and Santa Maria. My money is on Allied-Domecq because they recently bought Gary Farrell and might be going after smaller, boutique producers.