Napa Valley Winery Sold to Korean Luxury Brand for $250.3MM

By Meghan Hall A family-owned winery in Napa has traded hands, selling to a major Korean firm. According to industry reports, Shafer Vineyards was purchased for $250.3 million by South Korean-based firm Shinsegae, a department store franchise. The news was first reported by The Korea Herald Wednesday. The winery itself was first established in 1972. […]