At least 10 new bidders are interested in either the whole or part of the Robert Mondavi Corporation, reports say.
The Wall Street Journal has reported that members of the Mondavi family – which include former chairman Michael Mondavi and winemaker Tim Mondavi, both Robert Mondavi’s sons – could be bidders.
It says they are interested in buying back the flagship Robert Mondavi Winery, which is used by the luxury business.
Otherwise the newspaper quoted senior sources at leading winemakers such as Kendall-Jackson Wine Estates, Allied-Domecq PLC and Diageo saying they would not be interested in Mondavi.
Constellation Brands is interested in buying the entire business.
Written by Adam Lechmere, and agencies