Ste. Michelle Wine Estates Sold

A New York-based private equity firm picks up the Washington giant in a $1.2 billion deal

Ste. Michelle Wine Estates Sold
Chateau Ste. Michellle sells 7.3 million cases a year, 60% of all Washington wine sales by volume. (Courtesy of Chateau Ste. Michelle)
From the Oct 15, 2021, issue

As Ste. Michelle goes, so goes Washington wine: That adage will be put to the test as the giant company is sold to a private equity firm in a $1.2 billion deal. What does Sycamore Partners have to offer one of the largest wine producers in the U.S. and the driving force in Washington wine? 

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