Rafaelian Turns Over the Operation of Sakonnet Vineyard

Rafaelian Turns Over the Operation of Sakonnet Vineyard

Carolyn Rafaelian is getting out of the wine business.

In 2012, Rafaelian, then the founder and CEO of Alex and Ani, purchased Sakonnet Vineyard for about $9 million.

Now, James Davids and Marissa Stashenko, founders of Anchor & Hope, have “assumed the management and winemaking responsibilities at the historic vineyard. They will collaborate with owner Carolyn Rafaelian to launch new wines, revive the culinary legacy, and implement organic and sustainable farming.”

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During Rafaelian’s management, she often battled with Little Compton officials who tried to limit the number of events, including concerts and weddings at the vineyard.

“Sakonnet Vineyard is a treasured piece of Rhode Island’s farm coast, and for more than a decade, I have cared for and preserved the land while sharing it with local farmers,” said Rafaelian. “I am blessed to have found James and Marissa, who are incredibly passionate and knowledgeable about the wine industry. We look forward to their positive impact on our vineyard.”

Davids and Stashenko bring 30 years of experience in winemaking, most recently as co-founders of Anchor & Hope in Rumford, Rhode Island, where they bottled, canned, and kegged award-winning wines through partnerships with growers around the world. 

“The opportunity to take the reins at Sakonnet came at a point when we were facing the closure of our own business,” said Marissa Stashenko, Director of Operations at Sakonnet Vineyard. “We are grateful to Carolyn for recognizing our passion and trusting us to steward this incredibly special property.” 

“Carolyn has done an incredible job of caring for and preserving the land,” continued Stashenko.  “We are excited to work with her to create a community-oriented culture here at the vineyard.”

Rafaelian will continue to own the property.