California Governor-elect Gavin Newsom announced he will give up control of his wine and hotel business.
Newsom founded The Plumjack Group in 1992. The group owns four hotels; four Napa Valley wineries; several bars and restaurants; two wine and liquor stores in San Francisco; and an online liquor store.
One of the hotels owned by The Plumpjack Group is the Palm Springs Ingleside Inn which houses Melvyn’s Restaurant, also owned by the group.
Title and control of Newsom’s assets will be transferred to a blind trust managed by Shyla Hendrickson, a family friend and attorney.
Newsom also announced he will issue an executive order barring state agencies from doing business with The Plumpjack Group to avoid any conflicts of interest.
Newsom will be sworn in as governor on Jan. 7, replacing fellow Democrat Jerry Brown.
More: I-Team investigations
Noticias en español: Telemundo 15