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.

Members-Only Content


Created with Sketch.

Join today and get immediate access to this article, and to our entire database of more than 345,000 wine ratings. It only takes moments—but it will help you drink better all year long.


Already a member?     Sign In

WineRatings+ app: Download now for 365,000+ ratings.