A wholly-owned subsidiary of Constellation Brands, Inc.
20 page document and appendices can be downloaded here: pdf document
Archive for November, 2005
Pursuant to the Sale and Purchase Agreements, Sino-French Joint-Venture Dynasty Winery Ltd., an indirect wholly-owned subsidiary of Dynasty, has agreed to acquire certain properties situated in Tianjin and machinery and equipment from Tianjin Heavenly Palace Winery Co., Ltd., a wholly-owned subsidiary of Tianjin Development Holdings Ltd. at a total consideration of RMB 3,095,470 (equivalent to approximately HK$2,976,413).
Continue reading ‘Dynasty Announces a Connected Transaction’
Official Journal C 296 , 26/11/2005 P. 0007 - 0007
Judgment of the Court
(Third Chamber)
of 13 October 2005
in Case C-379/04: reference for a preliminary ruling from the Landgericht Würzburg, Richard Dahms GmbH v Fränkischer Weinbauverband eV [1]
In Case C-379/04: reference for a preliminary ruling under Article 234 EC from the Landgericht Würzburg (Germany), made by decision of 23 August 2004, received at the Court on 3 September 2004, in the proceedings between Richard Dahms GmbH and Fränkischer Weinbauverband eV, — the Court (Third Chamber), composed of A. Rosas, President of the Chamber, A. La Pergola, A. Borg Barthet, U. Lõhmus (Rapporteur) and A. Ó Caoimh, Judges; L.A. Geelhoed, Advocate General; R. Grass, Registrar, gave a judgment on 13 October 2005, the operative part of which is as follows:
Continue reading ‘Judgment of the Court (Third Chamber) of 13 October 2005 in Case C-379/04: reference for a preliminary ruling from the Landgericht Würzburg, Richard Dahms GmbH v Fränkischer Weinbauverband eV (Wine sector products — Regulation (EC) No 753/2002 — Article 21 — Direct effect — Wine and sparkling wine competitions — Competition entry fee)’
The board of directors (the “Board”) of Dynasty Fine Wines Group Limited (the “Company”), together with its subsidiaries, (collectively the “Group”) hereby announces that with effect from 1 January 2006 (1 ) Mr. He Xiuheng will resign as an executive director and the chairman of the Board, and Mr. Gao Xiaode will resign as an executive director and the general manager of the Company; (2) Mr. Bai Zhisheng, an executive director, will be appointed as the chairman and general manager of the Company.
Continue reading ‘Dynasty Announces Changes of Board Composition and Senior Management’
Official Journal L 307 , 25/11/2005 P. 0046 - 0046
Commission Regulation (EC) No 1930/2005
of 24 November 2005
on the issuing of export licences for wine-sector products
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,
Having regard to Commission Regulation (EC) No 883/2001 of 24 April 2001, laying down detailed rules for implementing Council Regulation (EC) No 1493/1999 as regards trade with third countries in products in the wine sector [1], and in particular Article 7 and Article 9(3) thereof,
Continue reading ‘Commission Regulation (EC) No 1930/2005 of 24 November 2005 on the issuing of export licences for wine-sector products’
Tendencies in the UK wine market, and the future for French wine producers.
The purpose of this report (by www.finewinepress.com) is to elucidate the changing consumer attitudes to wine consumption and the perceptions about the wine market of some of the most powerful buyers of wine in the UK: the supermarket and multi-retailer wine buyers. In particular, they attempt to address the current trends in the market for French wines and their future prospects.
[Companies interviewed: Tesco’s, Majestic, Marks & Spencer, Waitrose, Threshers, Laithwaites]
Click HERE for more information.
"Levers for Fostering & Sustaining Growth Industries - A synthesis of earlier research."
by Colin Ramsay & Robert Bladier
Extract from Executive Summary:
This report re-examines a series of earlier industry research studies sponsored by the Australian Stock Exchange plus a study of the Australian wine industry by the Australian Business Foundation. The objective was to develop a synthesis of learnings and fresh insights into those studies, probing beyond the first level of discovery achieved in the original work.
Each of the studies investigated the factors contributing to the success of certain major Australian industries. The industries studied were selected because each had, in a relatively short period of time, been transformed from being modestly successful and domestically based, to being world class, globally competitive and export based. They have all become major contributors to the Australian economy and a significant component of Australian capital markets.
The Australian Stock Exchange sponsored these research studies to identify, from a capital markets perspective, steps that are critical for successful industry development. The purpose of this is to be able to formulate some necessary steps or ingredients that must be present, or encouraged to form, in proactively fostering industry and its participation in capital markets.
Published November, 2005
Report can be downloaded from: Here
Paris, 11 November 2005
Patrick Ricard has informed the Board of Pernod Ricard that Richard Burrows intends to retire shortly, from early 2006. Richard Burrows will remain a member of the Board as well as non-executive chairman of Irish Distillers. He will also be available to the Group to carry out projects that it may entrust to him.
Continue reading ‘Richard Burrows Retires’
Significant change in sales by region
Very satisfactory progress of Allied Domecq integration
Press release - Paris, 10 November 2005
Note: all figures published by the group are in accordance with IFRS.
2005/2006 Pernod Ricard 1st quarter net sales progressed by 54.9% to € 1,334 million*. This strong growth is due to the acquisition of Allied Domecq, which contributed two months sales. Overall, the effect of the change in perimeter, net of disposals, was 51.3%. The pre acquisition business had organic growth of 2.3% and there was favourable foreign exchange impact of 1.3%.
Pernod Ricard’s key brands pre Allied Domecq continued their rapid progression, up +3% in volume and +7% in net sales (organic growth), driven by Chivas Regal (+7%), Martell (+6%), Havana Club (+23%), Jameson (+13%), and The Glenlivet (+14%). Pernod Ricard’s organic growth rate for its full pre acquisition portfolio was lower at +2.3%, reflecting technical effects that impacted certain local brands.
Allied Domecq contributed € 459 million in net sales, representing one-third of 1st quarter net sales. Following a strong decline in the month of August, due to the change in year end and the start of destocking in a number of markets, there was a return to a favourable trend in September for Ballantine’s and Beefeater, while Stolichnaya and Malibu continued to report vigorous growth.
Substantial change in the analysis of sales by geographic region.
The Americas and Asia/Rest of the World represent 56% of group sales in this quarter.
Continue reading ‘Continued dynamic growth for Pernod Ricard key brands’
One of Australia’s most high profile and experienced wine marketers has been appointed to a senior executive role with the Australian Wine and Brandy Corporation.
Mr Paul Henry, who for the past three years has been UK and Ireland regional manager for the Corporation, will take over the role of General Manager - Market Development from 19 December 2005. Mr Henry replaces Mr Jonathan Scott who served eight years at the Corporation in the key export marketing role.
Continue reading ‘Australian Wine Exports to Get New Champion’
Toronto Stock Exchange Symbol: VN
– Double-Digit Sales Growth Across Core Brands –
MISSISSAUGA, ON, November 3, 2005 – Vincor International Inc. (TSX:VN), the world’s eighth largest producer and distributor of wine and related products, today reported its financial results for the three-month and six-month periods ended September 30, 2005. The consolidated financial statements complete with notes and MD&A are available at www.sedar.com and www.vincorinternational.com.
During the second quarter of fiscal 2006, Vincor’s core brands continued to achieve strong sales and market share growth in all its key markets. Sales of Kim Crawford increased by 59%, Jackson-Triggs by 14%, Kumala by 62%, Toasted Head by 19% and Inniskillin Icewine by 25% compared with the second quarter of fiscal 2005. Vincor’s key brands all show significant momentum in their national markets, and they are well positioned for exceptional growth through cross border sales by leveraging the Company’s existing sales and distribution infrastructure in all New World wine markets. The Company’s plans for investment in these focus brands is expected to generate significant shareholder value in the years to come.
Continue reading ‘Vincor International Reports Fiscal 2006 2nd Qtr Financial Results’
2 November 2005
Purchase Agreement signed with the Coppola Companies
Foster’s Group today announced that it intends to sell its Geyserville winery in California, and that its global wine business, Foster’s Wine Estates (FWE), has entered into a purchase agreement with The Coppola Companies.
The purchase agreement is due to close escrow in February 2006, pending completion of due diligence. The facility is to be sold as a going concern, with the Coppola Companies acquiring a staffed production and bottling facility restaurant, and tasting room/gift shop. The consideration is subject to a confidentiality agreement between the parties.
Continue reading ‘Fosters Wine Estates Announces intent to sell Geyserville Winery’
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