Another Napa wine icon is changing hands. LVMH Moët Hennessy, the global wine and fashion titan, announced June 29 that it will purchase Joseph Phelps Vineyards. Plus, Washington wine giant Ste. Michelle Wine Estates is continuing to shake things up, with news this summer that it quietly put its 118-acre Woodinville property on the market. The site has been the company’s home base since 1976, when it built the iconic chateau that graces the Chateau Ste. Michelle brand’s labels. Get the latest wine business developments in the Sept. 30, 2022, issue of Wine Spectator.
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