Marciano Brothers And Christian Navarro Announce Purchase Of Legendary Wine Business Wally's Wine & Spirits

 Marciano Brothers And Christian Navarro Announce Purchase Of Legendary Wine
                       Business Wally's Wine & Spirits

Fashion leaders and wine connoisseurs purchase Los Angeles' beloved wine and
spirits business from retiring founder Steve Wallace

PR Newswire

LOS ANGELES, June 18, 2013

LOS ANGELES, June 18, 2013 /PRNewswire/ -- Maurice and Paul Marciano, brothers
and co-founders of global denimlifestyle brand GUESS, together with renowned
wine personality Christian Navarro, announced their purchase of Wally's Wine
& Spirits, the world-famous wine and spirit merchant in West Los Angeles from
acclaimed founder, Steve Wallace. Opened in 1968, Wally's is the largest
retailer of wines and spirits in Los Angeles and has become an institution for
wine collectors around the globe.

The partners purchased the business and its assets from retiring founder,
Steve Wallace. Maurice Marciano explained, "My brother Paul and I have been
buying wines from Wally's for twenty years, dealing extensively with Steve and
Christian. When we heard that Steve was thinking of retiring, we immediately
contacted him and expressed our interest in purchasing the business, but only
on the condition that Christian would remain in a leadership role." As part of
the acquisition, Christian Navarro has been appointed president. Wally's Wine
and Spirits will maintain its well-known name and service.

"Steve built Wally's into the institution it is today through his commitment
to customer service and an absolute belief in product," said Paul Marciano.
"That focus on offering the best product with the best knowledge has garnered
him the trust of thousands of discerning customers around the world and is
something my brother Maurice, Christian, and I are absolutely committed to
protecting and building upon into the future."

Maurice and Paul Marciano arewine connoisseurs with a specific passion for
wines from Bordeaux and Napa Valley. Maurice Marciano recently purchased a
boutique winery in Napa Valley where he produces a Bordeaux-style red wine.
His first release will be a 2012 vintage that is expected to debut in 2014.

About Wally's Wine & Spirits
In business since 1968, Wally's Wine & Spirits has long been a Los Angeles
institution ranging from first-time wine buyers to collectors and
connoisseurs. Combining personal service with a patient and knowledgeable
staff, an inventory of thousands of hard to find wines, beers and spirits, in
a relaxing and comforting atmosphere, it is no wonder that the Zagat Survey
has called Wally's "The No. 1 Wine Shop in Los Angeles," and Forbes lists
Wally's as one of their "Top Shops." The store is located on Westwood
Boulevard in West Los Angeles, and its many unique products can also be
purchased online at www.wallywine.com.

CONTACT:

Christian Navarro
President
Wally's Wine & Spirits
310.475.0606
xtian@wallywine.com

SOURCE Wally's Wine & Spirits

Website: http://www.wallywine.com
 
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