Barons de Rothschild White Zinfandel?

[GordonCooks]

Read Me

[Mark Sommelier]

Curious. Lafite, Chalone and Arbor Mist under the same umbrella. Scary.

[chasmartel]

I've read the press releases & part of Rothschild's SEC filing. It is a pretty complicated deal. Any MBA/wine market economists out there that can help analyze? I've read that the price for Chalone is just a little more than book value (and pretty far below fair market value). What is really going on?

Edited to add missing word.

Edited May 18, 2004 by chasmartel (log)

[Mark Sommelier]

I've read the press releases & part of Rothschild's SEC filing. It is a pretty complicated deal. Any MBA/wine market economists out there that can help analyze? I've read that the price for Chalone is just a little more than book value (and pretty far below fair market value). What is really going on?

Edited to add missing word.

Its all about distribution channels.

[Phil Ward]

I've read the press releases & part of Rothschild's SEC filing.  It is a pretty complicated deal.  Any MBA/wine market economists out there that can help analyze?  I've read that the price for Chalone is just a little more than book value (and pretty far below fair market value).  What is really going on?

Edited to add missing word.

Its all about distribution channels.

Bingo!

Sometimes I wonder when this conglomeration of our business will end?

Maybe I have answered my own question by stating "business" as it seems to be occuring in all businesses worldwide. Two more examples: Comte de Lur Saluces is "retiring" from Yquem; Mouton, Drouhin and Torres have formed an international marketing and sales company.

I feel lucky to work for a family owned company.

Phil

[Mark Sommelier]

The Comte de Lur Saluces is retiring from Yquem because he no longer owns it. LVMH took care of that. (Louis Vuitton-Moet-Hennessey-Krug-Veuve Clicquot-Ruinart-Dior-Tagheuer-Christian Lacroix-Yquem-etc.)

[GordonCooks]

. Two more examples: Comte de Lur Saluces is "retiring" from Yquem; Mouton, Drouhin and Torres have formed an international marketing and sales company.

I feel lucky to work for a family owned company.

Phil

I think that was a given due to the rocky nature of the purchase by Arnault. The board lowered the mandatory retirement age from 75 to 70.