Corner 103

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Lloyd Davis
 
September 25, 2014 | News | Lloyd Davis

Sonoma News: Corner 103 tasting room coming

Lloyd Davis, onetime president of Viansa Winery & Marketplace as a partner in the Laurus Master Fund hedge fund, plans to open a tasting room and upscale gift shop at the corner of First Street West and West Napa Street. According to the ABC license in the window, and the word from Feed Store building owner Ingrid Martinez, Davis will call his new venture Corner 103, the address of Martinez’s former Changing Seasons Gallery.

When Sam and Vicky Sebastiani split, their combined children took over Viansa, which, according to the Press Democrat, sold in 2005 for $31 million to 360 Global Wine Co.

According to a story in North Bay Business Journal of Nov. 12, 2012, Laurus assumed ownership of Viansa in bankruptcy court after 360 Global Wine Co. filed for bankruptcy, owing millions to many people.

Davis is credited by North Bay Business Journal with turning Viansa around, in part by cutting operating expenses – from cutting the phone bill to cutting jobs – and making it profitable. Davis decided not to pursue purchasing Viansa himself, and it sold in 2013 to Vintage Wine Estates, which recently acquired Clos Pegase, Girard, Cosentino, Windsor Vineyards, Sonoma Coast Vineyards, Cartlidge & Browne and Ray’s Station wineries. Davis has circulated well in the community and has many friends here.

Read more at http://www.sonomanews.com/news/3390882-181/williams-sonoma-opening-updates-corner-103#HOvmWg7lt3S3y23F.99

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