Family Man, Part II—and the Retirement That Didn’t Stick
As y2k approached—along with the seventieth birthday of America’s last major family winemaker not named Gallo—Jess Jackson started planning a radical move he had last contemplated a quarter century earlier: he started plotting his retirement.
He put out few overt signs of this at first. The hectic pace of land purchases, winery construction, vineyard planting, and brand expansion continued and even accelerated as he began dishing out ever-greater piles of cash to purchase high-quality but financially struggling rivals. The search for new properties and markets abroad didn’t slow either, part of the push to evolve Kendall-Jackson from the leading purveyor of good affordable wines ...