London-based drinks giant Diageo sold its Glen Ellen and M.G. Vallejo brands to The Wine Group, a California-based company that owns Franzia Winery and Corbett Canyon. The $83 million deal includes the worldwide rights to the two brands and current inventory, but not the California vineyards or wineries.
For the full article, check out the new issue of Wine Spectator, on newsstands May 31, 2002.
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