Ornellaia Stays in Tuscan Hands

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for the May 31, 2005 issue

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Frescobaldi arranges to buy Mondavi's stake in the prominent estate

Dana Nigro
Issue: May 31, 2005

Venerable Italian producer Marchesi de' Frescobaldi struck a deal on April 1 with Constellation Brands to take over Tuscany's famed Tenuta dell' Ornellaia in its entirety, paying more than $45 million to add the 50 percent stake that had belonged to Robert Mondavi Corp.