Fairfax 2026

[MMM20]

1 hour ago, rogermunibond said:

@MMM20 that's funny.  Ian Cumming and Joe Steinberg of Leucadia fame bought four wineries the first in 2000 iirc.  They opined in every shareholder letter about how bad they were as businesses but they liked wine and wine lubricated camaraderie.

 

Eventually they spun off the wineries in 2013 as Crimson Wine Group.  It's publically traded on the OTC but tiny and still a terrible business. lol

Honestly I was only half joking about the KW land redevelopment or Recipe synergies. Is there anything unique about this one? Are Canadians really loyal to it?
 

Scratching my head down here in the US as I’ve read for years about how volumes are struggling and even Napa and Sonoma wineries are closing left and right. And if Prem thinks it’s cyclical, why not buy STZ, TAP, BUD, DEO?
 

Edited 51 minutes ago by MMM20

[rogermunibond]

Looking through the deal press release, seems like this is much more of a retail, distribution business.  101 store locations plus an importer business in addition to the wine and liqueur brands.