And the wines produced under Folio Wine Partners (also owned by Michael Mondavi) are Hangtime, Oberon and Spellbound. As of our latest update to this review they represent more than 40 wineries from eight countries. Mondavi said that another 30 acres of that land will be planted over the next few years for the Oberon and I'M brands.Folio Fine Wine Partners represents a wide selection of wines from select producers in top wine regions around the world to the American market. Folio also owns a 270-acre property in Pope Valley, of which 110 acres are planted to Cabernet Sauvignon and Sauvignon Blanc. The Mahoneys, who sold the Carneros Creek brand in 2004 to focus on their other lines, are retaining ownership of 160 acres of vineyards in Carneros.įolio also plans to use the fruit from its 18-acre vineyard on Atlas Peak for its own brands Mondavi said that vineyard's Cabernet Sauvignon went into Opus One in the 2002, 20 vintages. The deal also includes an option to buy 10 more acres on a neighboring property in 2008, which Mondavi plans to exercise. Those wines now have a home." The only exception is the I'M Pinot Noir from Oregon, which will continue to be produced and bottled in the Willamette Valley, and is slated for a 2007 release.Ĭarneros Creek winery, which the Mahoneys founded in 1972, comes with a tasting room and 5 acres of Cabernet Sauvignon planted around the facility. The beauty is we'll now be able to consolidate and really focus on everything in one wonderful location. "We were taking our time, and we kicked the tires on probably a dozen wineries and seriously looked at three or four others. "It was a question of when, not if we would have a winery," said Mondavi. The brands range in price from about $13 to $18. Oberon encompasses Napa Cabernet, Merlot and Sauvignon Blanc the Hangtime label covers California Pinot Noir and Chardonnay and I'M includes a Rosé and Sonoma Chardonnay. Until now, I'M, Oberon and Hangtime have been produced at various facilities, including Carneros Creek. importer for several brands from Italy (including Marchesi de Frescobaldi, Robert Mondavi's former joint-venture partner), Spain, Austria and New Zealand. By the time of his departure, Michael had already started I'M, and he quickly set up Folio Fine Wine Partners, which has acted as distributor for his own brands and other California producers, as well as the U.S. Later that year, the corporation was acquired by Constellation Brands, the world's largest wine company, for $1.3 billion. in September 2004, amid the publicly traded company's plans to divest itself of luxury brands such as Opus One and focus more on lower-end brands such as Woodbridge. Michael Mondavi resigned as vice chairman of Robert Mondavi Corp. It needs a vineyard and a winery to have credibility in the international wine community.'" "Something I learned very early was when we did Opus One in 1979 with Baron Philippe de Rothschild he said, 'We can use the Robert Mondavi winery for a few years, but it needs a home. "It gives us more credibility," said Mondavi of the purchase, the price of which was not disclosed. For the next three to five years, the Mahoneys will continue to make their Mahoney Vineyards and Fleur de California wines there as well. Mondavi, who now owns Folio Fine Wine Partners with his wife, Isabel, and son, Rob, will produce their recently started I'M, Oberon and Hangtime brands in the facility. Michael Mondavi, son of California wine pioneer Robert Mondavi, has bought Carneros Creek winery in Napa from Francis and Kathleen Mahoney.
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