Money, Money, Money
Posted: May 13, 2006 3:46am ET
FLORENCE -- Marchesi de’ Frescobaldi, the Tuscan wine giant, announced yesterday that it has spun off some of its top wine estates into a new company, Tenute di Toscana, and then sold a small part of it to foreign investors, including Russian vodka producer SPI Group (whose brands include Stolichnaya) and former Napa Valley vintner Michael Mondavi, who now runs an import company.
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