What Factors are Shaping Wine M&A Trends

Dear Client: In 2023, there were quite a few big wine deals, including Ste. Michelle Wine Estates sellingStag's Leap to Antinori, Gallo picking up both Rombauer and Hahn Family Wines, and Duckhorn acquiring Sonoma-Cutrer.  These big deals "were shifting around market share for some of the bigger players," according to Zepponi & Co. principal Mario Zepponi. "If I had to summarize the [M&A] market environment in 2023, it was that if you were big and meaningful, you could transact that