Diageo sells Chalone Estate Vineyard in California

The sale of the Monterey-based Chardonnay and Pinot Noir producer completes the sell-off of UK-based Diageo’s main wine interests – aside from Justerini & Brooks merchant – and adds to Foley’s fast-growing portfolio of wine estates in California, Washington State and New Zealand. Foley has bought the Chalone Estate Vineyard and Gavilan brands, along with nearly 405 hectares (1,000 acres) of land, 97ha of which is planted to vines. Financial details were not disclosed