Duckhorn Owner Buys Majority Share of Far Niente

Napa Valley's Far Niente Wine Estates has sold a majority stake to private equity group GI Partners, the majority owners of Duckhorn Wine Company. The investment includes the Far Niente winery, as well as sister wineries Dolce, Nickel & Nickel, EnRoute and Bella Union. Though winery owners Beth Nickel, Erik Nickel, Dirk Hampson and Larry Maguire are still shareholders.Far Niente was established in Oakville in 1885. It was abandoned for 60 years after Prohibition went into effect, but in 1979,