How the Mondavis Lost an Empire
Thursday July 5, 2007
One of the first things I learned about wine: Mondavi sucks. The Wall Street Journal has a nice writeup explaining why the biggest name became a big flop.
“But by early 2004, Robert Mondavi Corp.’s reputation for high-quality wines had eroded, and the House of Mondavi was rent by conflict. His hand-picked successor, son Michael, had been removed as chairman, and the Mondavi family was on the brink of losing control of the company. Indeed, behind Michael’s ouster was a closely guarded secret: Robert faced a personal financial crisis that threatened to embarrass him and destroy his leg”
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: mediaserf
