For These Influential Families, Life is Like ‘Succession’—But With More Wine
- Some of the top companies in California wine are intergenerational concerns. How do these families manage to pass the torch gracefully, and what can we expect from the next generation?
IN ITALY, THEY have a saying about family-run companies, shared by an Italian winemaker I know: “The first generation builds it, the second maintains it and the third destroys it." I’m happy to report that under the stewardship of this winemaker and his sister—the second generation to run their winery—his family business is flourishing. How do some families fit the personal with the professional to create successful intergenerational businesses, while others do not? I talked with three prominent California wine families who seem to have figured it out.