New Owners for Wally's Wine & Spirits, Brand Expansion

Wally's Wine & Spirits, a longtime hub for wine collectors and spirit hounds, is losing its founding member, Steve Wallace. An ABC transfer went live a few days ago naming new owners, Armand Marciano of GUESS? Jeans and William Payne.

What does this mean for Wally's? According to a piece in The Daily Meal last month, Christian Navarro, Wallace's longtime biz partner, will stay on as co-owner with the aforementioned new parties. And for those who have hoped Wally's would expand over the years, shop growth is planned for the future. [EaterWire]