Kuleto Estate becomes latest victim of the economy, Yountville gets some ink

by TrevR on February 27, 2009

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A bright, sunny Friday is upon us. As we get set to head into a relaxing weekend, here are a couple Napa Valley-related news items that have recently caught our eye…

Kuleto Estate becomes latest victim of bad economy
Yesterday news came out via Wine Spectator that William Foley of Foley Family Wines has purchased a majority stake in venerable Napa Valley winery Kuleto Estate. Restaurateur Pat Kuleto, owner of Kuleto Estate, is quoted in the article as saying the deal came about largely due to the current economic situation:

“We’re doing this joint venture to keep this as a family-type operation,” said Kuleto. “I’m going to still be the face of the business, going to all the events, and I’ll be the one you’ll see at all the tastings. I’ve been working at this for 18 years, [but] to be honest, I just got caught by the economy. It’s a good strategic move to keep all these dreams alive.”

The full article can be found here.

The CC Times discovers Yountville
For those of us living here in the Napa Valley, the latest Contra Costa Times article about the town of Yountville will seem like nothing more than several paragraphs of old news. In fact, after reading the article that talks about Bouchon Bakery, Michael Chiarello’s Bottega Ristorante, Bardessono, Ma(i)sonry and more, we couldn’t help but think the author must be a loyal reader of The Cork Board as we’ve covered each of these establishments extensively over the past year.

Read it for yourself here.

[techtags: Napa, Napa Valley, wine, winery, Kuleto Estate, Kuleto Estate sold, Yountville, Bardessono, Bouchon]

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has written 723 posts on The Cork Board. He was born and aged in the Napa Valley and has a passion for wine, writing and social media, which led him to co-found this blog in early 2007. Follow him on Twitter and Google+.

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