Fred Franzia, the creator of Two Buck Chuck, passed away yesterday at the age of 79. A post shared by Branco Wine Company on social media said Franzia died on Tuesday morning at his home and the cause of death remains unknown. not yet known. . According to the statement,
“At the heart of his vision is the belief that wine should be enjoyed and drunk at every American table.” When asked how the Branco Liquor Company was able to provide wine for less than a barrel of water, Fred T. Franzia famously said: “They charge too much for water – don’t you understand?”
The statement said Bronco Liquor Company “has achieved vertical integration,” and that his “business prowess, tireless efforts, and passion for the Bronco family and family will be credited.” remember forever.” Fred Franzio left behind 5 children, 14 grandchildren, a brother and two sisters.
Check out this post on Instagram
Fred Franzia Net Worth
Fred Franzia rose to fame as the CEO and co-founder of Charles Shaw, better known as Two Buck Chuck, one of the largest wineries in the United States. Two Buck Chuck is one of the fastest growing liquor companies in history, having sold more than 5 million cases and over 60 million bottles with a combined annual revenue of $100 million. Although the exact amount is unclear, many sources estimate Franzia’s net worth to be more than $25 million. He made a lot of money working in the wine industry.
All about Fred Franzia
He was born into one of the most prestigious viticulture families in California, and upon graduation he began working in the family winery. In December 1973, he founded the Bronco Wine Company, which now controls about 50,000 acres of vineyards in California’s Central Valley. Each year, the company produces approximately 61 million gallons, resulting in annual sales of 20 million cases of 240 million bottles. However, in 1993, Fred Franzia and Bronco were accused of conspiring to sell cheap grapes for between $100 and $200 a ton. Bronco and Franzia pleaded not guilty and were fined $2.5 million and $500,000, respectively.
Despite Franzia entering the wine market to make money, he decided to keep things cheap for everyone. Bronco grows grapes, grinds grapes, bottling wine and deals in distribution. It also looked at storage and manufacturing facilities in five cities in the Central Valley and Napa Valley, as well as the Charles Shaw, Crane Lake, Forest Glen and Forestville brands.
In 1995, Fred Franzia purchased the Charles Shaw brand from Napa Valley Vineyards and has since sold around 800 million bottles over 12 years. Franzias currently holds between 35,000 and 55,000 hectares of vineyards and five wineries. Bronco Winery is now one of the fifth largest wineries in the country, with brands such as Allure, Blanc De Bleu, Crane Lake, Gravel Bar, Six Degrees and others.
Categories: Entertaintment
Source: HIS Education