NEW YORK, NY – April 13, 2018 – Algodon Wines & Luxury Development Group, Inc. (OTCQB: VINO), a collection of luxury assets, real estate holdings, and premium wines in Argentina, has partnered with Wally’s Wine and Spirits, a leading purveyor of wine and spirits in the greater Los Angeles area, to expand distribution of Algodon Fine Wines’ portfolio of award-winning Malbec wines throughout California.
Wally’s Wine and Spirits was founded in 1968, in 2013 Paul and Maurice Marciano, founders of the iconic denim lifestyle brand GUESS, partnered with Christian Navarro, “the wine therapist to the stars” to purchase Wally’s Wine and Spirits. In December 2014, they expanded Wally’s into a second location in Beverly Hills, also adding on a gourmet food store, a highly acclaimed wine tasting bar, and an award-winning restaurant.
In December of 2017, Algodon Fine Wines began selling at both the Los Angeles and Beverly Hills Wally’s locations as well as on their website, www.wallywine.com. A formal Algodon launch dinner will be held in Los Angeles in late May for Algodon Fine Wine’s partners, investors and enthusiasts.