Draft:Robert J. Rosenstein

American entrepreneur, Liquor Barn founder From Wikipedia, the free encyclopedia

Robert J. Rosenstein (born January 1955) is an American entrepreneur and businessman, best known as the founder and former CEO of Liquor Barn, Kentucky's largest independent chain of beverage retail stores.[1][2] The chain, which Rosenstein grew from a single store to multiple locations across Kentucky, was later acquired by Gopuff in 2021 in a deal covered by CNBC and other national media.[3] He is also the managing member of RD Property Group, a Lexington-based commercial real estate development firm.[4]

Born1955 (age 7071)
EducationUniversity of Miami (B.S. Finance and Economics, 1978)
OccupationsEntrepreneur, real estate developer
Quick facts Robert J. Rosenstein, Born ...
Robert J. Rosenstein
Born1955 (age 7071)
EducationUniversity of Miami (B.S. Finance and Economics, 1978)
Alma materThe Lawrenceville School (1974), University of Miami (1978)
OccupationsEntrepreneur, real estate developer
Known forFounding Liquor Barn
SpouseDr. Kim Clawson Rosenstein
Close

Early life and education

Rosenstein was born in January 1955 to Irving Rosenstein and Irma Sarett Rosenstein. He grew up in Lexington, Kentucky and attended The Lawrenceville School, graduating in 1974. He studied at the University of Miami, earning degrees in finance and economics in 1978.[1]

Career

Liquor Barn

The Rosenstein family's involvement in beverage retail began in the late 1960s, when Robert's father Irving Rosenstein opened Shoppers Village Liquor on Versailles Road in Lexington, Kentucky. The store was notable for its consumer-friendly format, creating a well-lit, spacious environment that was uncommon in the liquor retail industry at the time.[1] Irving expanded the business to 11 outlets across Lexington, Frankfort, and Winchester, Kentucky.[1]

Robert joined his father's business in 1978 and modernized the store concept, rebranding it as Liquor Barn, The Ultimate Party Source.[1] He became CEO in 1986 and grew the chain into Kentucky's largest independent beverage retailer, with stores ranging from 25,000 to 80,000 square feet.[1][2] Under his leadership, the chain accounted for between 9 and 10 percent of Kentucky's off-premise beverage alcohol business.[2]

Rosenstein was named Market Watch Retail Leader of the Year in 1987 and received the Market Watch Leaders Alumni Award for Best Merchandising in 2008.[5] In 2019, the Louisville Liquor Barn location was ranked third in the nation in the Beverage Dynamics Top 100 Retailers list.[6]

In 2009, Rosenstein sold the business to Liquor Stores N.A. of Canada, with the sale involving stores in Lexington and Louisville.[7][8] The brand was later acquired by Blue Equity in 2017[9] and subsequently by Gopuff in 2021.[3][10][11]

Real estate development

Rosenstein is the managing member of RD Property Group, LLC, a family-owned commercial real estate development company based in Lexington, Kentucky. The firm's portfolio includes retail and mixed-use developments across Kentucky. A major project is Newtown Springs, an 85-acre mixed-use development along Newtown Pike in north Lexington, anchored by a 123,000-square-foot Kroger Marketplace that represented a $42 million investment in the community.[4][12][13][14]

Vineyard and wine industry

Rosenstein co-founded Angela Estate, a vineyard in the Yamhill-Carlton AVA of Oregon's Willamette Valley. The venture began with winemaker Ken Wright, Rosenstein, and Antony Beck.[15] Rosenstein and Beck purchased land that became the Clawson Creek vineyard on Savannah Ridge in the Yamhill-Carlton AVA, with the first 21 acres planted in 2006 and the remaining 13 acres in 2007.[16] The winery was named "Angela" in honor of Beck's wife and "Clawson Creek Vineyard" in honor of Rosenstein's wife, Kim Clawson Rosenstein. Under winemaker Ken Wright, Angela Estate produces single-vineyard Pinot noir.[15]

Philanthropy and community involvement

Rosenstein and his wife Dr. Kim Clawson Rosenstein established the Rosenstein Scholars Program at the University of Kentucky College of Fine Arts, providing scholarships and housing assistance for students performing in the university's annual It's a Grand Night for Singing! production, directed by Everett McCorvey.[17][18]

Awards and recognition

  • Market Watch Retail Leader of the Year (1987)[5]
  • Market Watch Leaders Alumni Award for Best Merchandising (2008)[2]
  • Liquor Barn ranked third in the nation, Beverage Dynamics Top 100 Retailers (2019)[6]

Personal life

Rosenstein is married to Dr. Kim Clawson Rosenstein.[16]

See also

References

Related Articles

Wikiwand AI