Proven Industry Leader will Oversee New Round of Investment
March 8, 2016 – San Francisco, CA – Vinfolio announced a new $4.4 million round of investment led by Don St. Pierre, Jr., who joins the company as Co-owner and Chief Executive Officer effective March 4, 2016. Mr. St. Pierre will be based in Vinfolio’s headquarters in San Francisco, California. As CEO, Mr. St. Pierre will provide leadership for all aspects of sales, procurement, consignment, storage and operations of Vinfolio. Mr. St. Pierre is a 20-year industry veteran with extensive experience in importing, distribution and sales of fine wine.
“Don is the perfect person to leverage Vinfolio’s industry-leading position in the buying, selling and storing of the world’s finest wines,” said Jean-Michel Valette, Chairman of the Board of Vinfolio. “Don’s vast global experience and relationships in all aspects of fine wine dovetail perfectly with Vinfolio’s goal of being a trusted partner between producers and consumers of fine and rare wines.”
In 1996, Mr. St. Pierre co-founded ASC Fine Wines, which he built into Greater China’s leading importer of premium and fine wines. In 2010, he sold the company to Suntory Holdings. At the time of the sale, ASC had 1,200 staff in 26 offices, and over 100 exclusive importing relationships with elite international wineries. After selling ASC to Suntory Holdings, he stayed on as CEO until 2012, and remained as a Board member and Senior advisor to Suntory Wine International until December 2015. Don is the recipient of numerous wine industry accolades, including being named No. 7 on Decanter magazine’s 2011 Top 50 global wine industry power players and being selected by Wine Enthusiast Magazine as the 2011 International Man of the Year. In 2012 the French Government also awarded Don the degree of Knight in the French Ordre du Mérite Agricole.
“Vinfolio’s unique platform, focused on the fine wine market and combining full service storage, sales and cellar management was extremely attractive to me,” said Don St. Pierre, Jr. “I believe it offers the fine wine consumer a great one-stop solution to more efficiently and enjoyably pursue their passion for drinking, collecting and investing in the best wines in the world.”
Founded in 2003, Vinfolio is a leading source for the world’s finest wines, serving the needs of wine enthusiasts and collectors worldwide. By combining proprietary technology with exceptional service we help fine wine drinkers manage every aspect of their wine collection. Vinfolio sells and buys collectible fine wine, operates the only truly full-service wine storage facility in the United States and supports cellar management through our VinCellar cellar management platform and our Cellar Services professional services team. Additionally, Vinfolio’s Marketplace is the first and only platform available in the USA for collector-to-collector wine sales.