Home > Magazine Archives > Nov. 30, 2009 Issue > News
Betts & Scholl Wine Brand Sold
Mitch Frank
Issue: November 30, 2009
Betts & Scholl, the boutique winery founded by master sommelier Richard Betts and art collector Dennis Scholl, has been sold to spirits company Castle Brands for $1.1 million, plus 7.14 million shares of the corporation. As part of the deal, Betts and Scholl will join the company, with Betts heading up Castle Brands' new wine division as vice president.
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