Kyle Krause buys historic Italian winery
BUSINESS RECORD STAFF Jul 12, 2016 | 7:56 pm
<1 min read time
0 wordsAll Latest News, Arts and CultureKrause Holdings Inc. has purchased a 143-year-old Italian winery, reports Wine Spectator magazine.
Kyle Krause, president and CEO of Krause Holdings, said the purchase of the historic Barolo winery Vietti fulfills his long-held desire to own a Barolo winery. “My mother’s family is Italian, and I have always had a passion for Italy and for Barolo,” he told Wine Spectator. “When the opportunity arose to buy Vietti, it was too good to pass up.”
He added that although his family will not be actively involved in running the winery, it will consult on strategy and major decisions.
Vietti is a family-owned producer founded in 1873 in the the northern Italy region of Piedmont. Oenologist Luca Currado, the current generation managing the estate, will remain as CEO of the new company, overseeing the vineyards and making the wines. The deal includes the brand, the winery and 84 acres of vineyards.
“Two great families are coming together,” Currado told Wine Spectator. “It will allow us to take a big step up in quality and (it’s) a guarantee for the future.”
Krause began looking for Piedmont vineyards last year. He bought the Enrico Serafino winery, inventory and vineyards from Gruppo Campari in 2015.
In addition to the 84 acres of vineyards now owned by Vietti, the company will include nearly 30 acres acquired by Krause over the past year in some of the region’s top sites: Codana in Castiglione Falletto; Mosconi, Le Coste and Bricco Ravera in Monforte d’Alba; and Briccolina, Meriame and Teodoro in Serralunga d’Alba. Enrico Serafino will continue to be run separately.
According to Currado, they plan to use the extensive holdings initially to increase the quality of Vietti’s Nebbiolo Langhe Perbacco and Barolo Castiglione blends, but could potentially create new single-vineyard labels in the future.
For Vietti, the sale represents a new chapter in a long history, which includes losing its vineyards during the 1930s and painstakingly reacquiring them all by 1989. Currado’s late father, Alfredo, began managing the winery in 1960 after marrying Luca’s mother, Luciana Vietti, who still works there. Luca began working alongside his father in the 1990s, and gained a strong reputation for making quality wines that balance Barolo’s modern and traditional styles.
Kyle Krause, president and CEO of Krause Holdings, said the purchase of the historic Barolo winery Vietti fulfills his long-held desire to own a Barolo winery. “My mother’s family is Italian, and I have always had a passion for Italy and for Barolo,” he told Wine Spectator. “When the opportunity arose to buy Vietti, it was too good to pass up.”
He added that although his family will not be actively involved in running the winery, it will consult on strategy and major decisions.
Vietti is a family-owned producer founded in 1873 in the the northern Italy region of Piedmont. Oenologist Luca Currado, the current generation managing the estate, will remain as CEO of the new company, overseeing the vineyards and making the wines. The deal includes the brand, the winery and 84 acres of vineyards.
“Two great families are coming together,” Currado told Wine Spectator. “It will allow us to take a big step up in quality and (it’s) a guarantee for the future.”
Krause began looking for Piedmont vineyards last year. He bought the Enrico Serafino winery, inventory and vineyards from Gruppo Campari in 2015.
In addition to the 84 acres of vineyards now owned by Vietti, the company will include nearly 30 acres acquired by Krause over the past year in some of the region’s top sites: Codana in Castiglione Falletto; Mosconi, Le Coste and Bricco Ravera in Monforte d’Alba; and Briccolina, Meriame and Teodoro in Serralunga d’Alba. Enrico Serafino will continue to be run separately.
According to Currado, they plan to use the extensive holdings initially to increase the quality of Vietti’s Nebbiolo Langhe Perbacco and Barolo Castiglione blends, but could potentially create new single-vineyard labels in the future.
For Vietti, the sale represents a new chapter in a long history, which includes losing its vineyards during the 1930s and painstakingly reacquiring them all by 1989. Currado’s late father, Alfredo, began managing the winery in 1960 after marrying Luca’s mother, Luciana Vietti, who still works there. Luca began working alongside his father in the 1990s, and gained a strong reputation for making quality wines that balance Barolo’s modern and traditional styles.
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