Monticello Vineyards, a family-owned winery in Napa Valley, could soon be for sale thanks to succession drama among the Corley family.
Dior, Gucci, and Other Designers Wouldn’t Dress Zendaya for the Red Carpet Early on, Law Roach Saysmay be done playing out on our screens, but it seems the drama is just getting started for this family.’s Monticello Vineyards for more than five decades, but now a feud is brewing among the family’s seven siblings, theon Monday. Carolyn Corley, the only daughter of Jay Corley, who founded the winery, claims a group of her siblings is plotting to sell Monticello to an outside entity.
Jay founded Monticello back in 1970, and it’s remained one of the few family-owned vineyards in Napa Valley. While it’s not a famous name in the world of, it’s notable for having stayed in the family at a time when other wineries have been sold to larger businesses, usually due to fights behind the scenes, theIn this case, after Jay died in 2016, four of the Corley brothers began to work toward a takeover, Carolyn claims.
“Over the last four decades, I have enthusiastically worked for and served Monticello in every department, and plan to do so going forward as long as I’m able,” Chris wrote in a statement to the. “I remain an absolute and enthusiastic supporter of the legacy that our father started with the founding of Monticello back in 1970.”
Mark, meanwhile, is now the president/chairman, and Kent is the corporate secretary. In November, Mark told some 100 shareholders that the board would look at potentially selling the business. And a March letter said the board had “started discussions with several parties who have expressed interest in acquiring the entire company,” according to documents viewed by the newspaper.
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