Trump wine coming to liquor store near you
Thursday 14 April 2011
Want to wine and dine like Donald Trump? Sip on a glass of Trump Wine.
After ongoing negotiations, the real estate tycoon finalized the deal to buy the Kluge Estate Winery and Vineyard outside Charlottesville in the US state of Virginia last week, paying the bargain price of $6.2 million for 800 acres in a bank auction, reported the Washington Post.
Or as the paper called it, Trump Change.
"I'm really interested in good real estate, not so much in wine," Trump said. "This place had a $28 million mortgage on it, and I bought it for $6.2 million."
Trump swooped in to buy the property as a "white knight" investor from friend Patricia Kluge, an embattled Virginia socialite. He will keep Kluge on to head operations.
The vineyards produce varietals that include Cabernet Franc, Malbec, Pinot Noir and Chardonnay.
In addition to his empire of hotels and golf courses, Trump's investments include a range of luxury foodstuffs like Trump Vodka, Trump Tea, Trump Chocolate and bottled spring water, Trump Ice.
He follows a long list of celebrities who've invested in wines, including film director Francis Ford Coppola, who has a winery in his namesake, Canadian actor Dan Aykroyd with his label Dan Aykroyd Wines, and Wayne Gretzky's No.99 Estates Winery.
In February, US TV channel the Food Network also launched a new wine label, Entwine, in partnership with Wente Vineyards. The portfolio will feature a 2009 vintage of Cabernet Sauvignon, Chardonnay, Merlot and Pinot Grigio and will be available this summer for $12.99 (€9).
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