Coastal Luxury Management, founded by David A. Bernahl and Rob Weakley, is gaining two partners in Charles and Ali Banks, two California wine luminaries that founded Terroir Selections. The group recently debuted Faith & Flower in Downtown and is coming up on their fourth year of throwing Los Angeles Food & Wine, which takes place from August 21-24.
The Banks, who have been teaming up with CLM for the past 18 months, purchased founder Rob Weakley's ownership stake in the company. The split is amicable, with Weakley hoping to pursue new opportunities while this new infusion of both talent and capital allows Coastal Luxury Management to continue their expansion.
Late last year, CLM opened the multi-faceted Rose.Rabbit.Lie. in Vegas' Cosmopolitan resort while earlier this year, put out year number seven of Pebble Beach Food & Wine.
· All Faith & Flower Coverage [~ELA~]