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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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052989
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05298900.011
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1990-09-22
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BUSINESS, Page 75Business NotesVINTNERSThey Will Sell No Wine
For 107 years the Christian Brothers, a Catholic order of
teachers, have financed their spiritual good works by producing
California brandy and table wines. Last week, after months of soul
searching, the Brothers announced that bottled spirits no longer
fit into their plans. The company will sell its $100 million-a-year
wine-and-brandy business and 1,160 acres of prime vineyards to
Heublein, a subsidiary of London-based Grand Metropolitan, for an
undisclosed amount, perhaps as much as $150 million. Heublein,
which owns California's Inglenook vineyard but has no major brandy
label of its own, would thus become the largest vintner (1,940
acres) in the Napa Valley.
Although the Christian Brothers say they want to focus on
educational programs instead of wine production, some insiders
suspect another reason: the conflict between the order's religious
values and widespread public concern about alcoholism, which has
led to a general decline in liquor sales.