Sattui at his Napa Valley castle |
The winery had gotten at $1.2m loan under the federal emergency Paycheck Protection Program. Some other companies, like Ruth's Chris Steak House got ripped for taking the money. Sattui's wineries are not publicly owned, have well over 100 full and part-time employees, and, most importantly, almost all of their sales are to customers at the wineries rather than in stores and restaurants. This means their sales have taken a huge hit.
Sattui says his wineries are okay, however, meaning they have the cash. Sattui also said he knows of many other smaller wineries that are in a dire need and didn't feel right taking the money so it has been returned.
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