Log In / Join Now

Magazine Archives: Aug. 31, 2013

Guess Executives Buy Los Angeles Retailer Wally’s Wine & Spirits

Mitch Frank
Issue: August 31, 2013


Wally's Wine & Spirits, one of Los Angeles' top wine stores, is being sold by founder Steve Wallace to a group that includes store co-owner Christian Navarro and Maurice, Paul and Armand Marciano, founders and executives at global fashion firm Guess. At press time, Navarro expected the deal to close in June, pending approval by California's Department of Alcoholic Beverage Control. Maurice and Paul Marciano are the chief investors; Navarro will take over as president and COO of Wally's and Armand Marciano will be CEO. Wine Spectator's Mitch Frank reports.


For the full article, check out the new issue of Wine Spectator, on newsstands July 23, 2013.


To continue reading this page, become a WineSpectator.com member today!

Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!


Already a member?


Job Opportunity

WineSpectator.com seeks an assistant editor in its New York City office to help develop content for its website, e-mail newsletters, social media platforms and apps. Candidates should have one to three years of journalism experience in a digital environment and be able to handle daily deadlines. Get more details.


WineRatings+ app: Download now for 300,000+ ratings.