Winebits 706: Chateau Ste. Michelle sale, restaurant wine, Total Wine

This week’s wine news: Chateau Ste. Michelle is gobbled up by a private equity behemoth, plus restaurants re-jigger alcohol sales, and Total Wine revenue reaches $5 billion

A new era: Private equity behemoth Sycamore Partners, whose holdings include Staple's, Aeropostale, and Nine West, will buy Ste. Michelle Wine Estates for $1.2 billion. It's almost impossible to overestimate the importance of this deal; when private equity discovers wine, the wine business has chang…

This post is for paid subscribers