Filed under: Spirits
The amount Case plunked down for a piece of Vinfolio hasn't been disclosed, but it is known that he put $10 million into another luxury business, Exclusive Resorts. Whatever he's put into the business comes on top of $10 million already raised.
Does this mean the upscale wine market is coming back? The economic recovery may still be delicate, but this seems like a smart move for down the road. After all, money in a wine collector's pocket is always looking for a home.