Diageo Buys Us Winery Famed for Its 'Zins' ; Leisure

Evening Standard - London › January 28, 2008

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Summary

DIAGEO today snapped up a Californian winery for more than $100 million (Pounds 50.4 million) as it looked to take advantage of booming demand for wine in the US and beyond.

The drinks firm, better known for its ownership of Guinness, Johnnie Walker whisky and Smirnoff vodka, paid $105 million for Rosenblum Cellars in Alameda dubbed a "mecca for zinfanatics" because of the quality of its Zinfandel wines.

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Extract

Diageo Buys Us Winery Famed for Its 'Zins' ; Leisure

The deal is a windfall for Rosenblum Cellars founde...

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