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Still, the bid announced Wednesday may have severely misjudged the value of the wine operations.
Recently, Mr. Delissio began to oversee the wine operations at Mr. O'Keeffe's other restaurants, the Water Club and Pershing Square.
Foster's, the largest alcoholic beverage maker in Australia, said in May that it planned to list its beer and wine operations separately so that they could each develop their own corporate strategies.
Although Sannino's is rare in offering a chance literally to get your hands dirty in the fields, it is just one of several do-it-yourself wine operations in the New York City area.
After more than two years of expanding its Beringer Blass wine operations, Foster's profit margins are being pressured as United States drinkers take advantage of the abundance of inexpensive wine.
Foster's recorded a first-half loss of $514.7 million on a write-down related to its wine operations, its first such loss in 16 years.
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The family wine operation, Bodegas Palacios Remondo, now struck him as, well, un peu out-of-touch.
In 2004 he founded Ô Chateau, his wine-tasting operation, which began organizing events in the most cost-effective and cozy place he could find: his parents' apartment.
For example, John Ragan, the director of wine and restaurant operations for Danny Meyer's Union Square Hospitality Group, said in the funding release that using the platform has allowed the company to "operate more efficiently when building wine and cocktail programs, and bring a more comprehensive selection to our diners".
The Mondavi family dates its winemaking origins in the U.S. to Italian immigrant Cesare and Rosa's wine grape shipping operations, beginning in Lodi, California, and then, with the 1943 acquisition of the Charles Krug winery in Napa, moving into winemaking.
The last time a foreign company entered the domestic alcohol market in a major way was when Pernod Ricard acquired Seagram's wine and spirits operation in India in 2001.
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