OTHER NEWS - April 26, 1993
From Times Staff and Wire Reports
Winery Confirms Plans for Public Offering: The Robert Mondavi Winery confirmed that it wants to sell shares to the public. The Napa Valley winery said it is seeking to raise $100 million through an initial public offering. The sale is being underwritten by Goldman Sachs and Hambrecht & Quist. Founded in 1966, the family-owned Mondavi winery is faced with replanting 1,000 acres of vines infested with a root louse, which will cost at least $15 million. Mondavi sells more than 3 million cases of wine a year.
