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Sycamore Partners, a New York-based $10 billion private-equity giant, has been known for turning high-profile bets on clothing chains and shoe stores into a fortune.
Now it’s splurging on wine, with its $1.2 billion purchase of Washington state-based Ste. Michelle Wine Estates, the company behind Chateau Ste. Michelle, Erath, Stags Leap and other premium brands, in a deal that closed Wednesday.
“It…
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York
This 2003 electron microscope image made available by the Centers for Disease Control and Prevention shows
Trading updates are shown on monitors on the trading floor at the New York Stock Exchange
