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Wine giant Constellation Brands is spending $80 million for a 40 percent interest in well-known Italian producer Ruffino. The Folonari family, which has owned Ruffino since 1913, will maintain a majority interest in the Tuscany-based company, continue to manage it and retain sole ownership of its 4,000 acres of estates.
For the full article, check out the new issue of Wine Spectator, on newsstands January 31, 2005.
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