‘3 Minutes With’ L’uva Bella Principals

LOWELLVILLE, Ohio – A specialty private equity group’s capital infusion of at least $1 million will support L’uva Bella Winery and Brands’ expansion efforts, the company’s principals said.

InvestBev Group LLC, a Chicago-based group that specializes in the adult beverage, cannabis and raw distillate space, made what L’uva Bella President and CEO Evan Schumann characterized as “seven-figure” investment. InvestBev Group and L’uva Bella finalized the deal Friday.

The funds will allow L’uva Bella – which produces the Purple Rain, Passion and Red’s wine brands — to scale its marketing and sales efforts across the eight states where it now distributes and to begin aligning with new distribution partners across the East Coast and Midwest.

You can read more in George Nelson’s story by clicking HERE.

Copyright 2024 The Business Journal, Youngstown, Ohio.