Friday, January 15, 2016

High-flying grapes?

Kendall-Jackson, a HUGE wine business in California, is buying the complex of buildings near McMinnville OR formerly owned by bankrupt Evergreen Aviation. Here is the story.

K-J has bought 1300 acres of wine land in that area in the past few years. That is quite a commitment to Willamette Valley wines. I think that with the expensive (some would say, vastly-overpriced) Pinots there, the gross margins in the wine business there, especially in the hands of a skilled large operator, would be quite high. Good luck to them!