Mondavi Weighing Stock Offering: The family-owned Robert Mondavi Winery is considering a public stock offering that would make the Napa Valley winery one of only three publicly traded wine firms in the United States. Funds would be used to replant 1,000 acres of vines infested with a root louse phylloxera, which could cost up to $20 million, as well as for a possible investment in a wine operation in Chile. Though the 27-year-old winery is profitable, it has been unable to raise additional capital from other sources, according to insiders. Sources say the proposal has been discussed with Goldman, Sachs & Co.
From Times Staff and Wire Reports