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Costa Browne $40 Million Deal

Costa Browne $40 Million Deal

Kosta Browne, a small Sebastopol winery that has become one of the state's most coveted producers of high-end pinot noir, has struck a deal estimated at almost $40 million to sell a controlling interest to a high-powered Sonoma investment group. The winery, whose owners got their start while pooling tip money from their restaurant jobs, completed the deal Friday with the Vincraft Group. The agreement will allow some of the winery's original investors, mostly friends and families, a chance to cash out their investments, said Dan Kosta, who is partners with Michael Browne and Chris Costello. Business management and operations won't change [...more]

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Thursday, December 14, 3:09 pm

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