CORPORATIONS: Biggest on the Vine

Among California's clannish winemakers, Louis Petri, 40, has long been marked as a young man headed for big things. Last week, as boss of his family's Petri Wine Co., he more than fulfilled the vintners' expectations. For a reported $16 million, he bought National Distillers' famed old Italian Swiss Colony Wine Co., the nation's third largest producer of domestic wines. In the deal, Petri acquired Italian Swiss's wineries at Asti, Lodi, and Clovis, Calif., bottling plants at Chicago and Fairview, N.J., New York's Gambarelli & Davitto distributing organization, and one of the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!