Fortune Brands, Inc. (NYSE: FO) today completed the previously announced sale of its U.S. wine business to Constellation Brands (NYSE: STZ). The price was $885million. Coupled with the sale earlier this year of two wine brands to E. & J. Gallo Winery, Fortune Brands has realized total consideration for its wine unit well in excess of $900 million.
Continue reading ‘Fortune Brands completes $885 million sale of wine business’
Archive for December, 2007
By taking over Peter Thustrup Rare Wines from its founding member and managers, Everget Capital, headed by Christian de Chateauvieux, has become a major actor in the international distribution of great wines.
Continue reading ‘The Legrand Daughters and Sons Cellars become associated with Peter Thustrup Rare Wines’
In the year ended November 2007, Australian wine export volumes grew 6% to 795 million litres and value grew 8% to A$3.02 billion. The average price grew 2% to $3.80 per litre, the second month the change in price has been positive on amoving annual total (MAT) basis. While the year ended November results represent a slowing in volume growth – it was the smallest volume increment in nineyears, at 44 million litres – the value growth was the biggest in three years, at an increment of A$227 million.
Continue reading ‘Australia: Wine Export Approval Report – November 2007′
After the picking of the final grapes of the 2007 Rioja harvest on 2 November, the Control Board of the Denominación de Origen Calificada (D.O.Ca.) expressed their satisfaction with the quality of this year’s vintage. President Victor Pascual Artacho attributed the potential for high quality wines to the technical expertise and professionalism of growers in the region and the good weather that accompanied the final stages of maturation.
Continue reading ‘Rioja celebrates 2007 harvest with release of excellent Crianzas and Gran Reservas’
* Manchester - 25th February
* London - 27th February
Continue reading ‘SITT: Specialists Importers Trade Tastings’
First Venture Technologies Corp. (TSX-V: FEB) is pleased to report the final analysis of results from commercial product trials of its urea-degrading wine yeasts conducted in Chile during the spring 2007 winemaking season.
Continue reading ‘First Venture reports final results from 2007 commercial product trials in South America’
The best of Australian wine is set to shine again on the world stage, following recent success at two international wine shows.
Continue reading ‘Three Australian stars align’
The news comes on the back of rising exports, with South Africa once again reporting a growth in sales volumes after a temporary setback last year, when sales dipped 5%. For the 12 months to September 2007, total wine export volumes were up 9%, she said, with the industry diversifying its exports into new markets and achieving significant success in Sweden, Germany, Denmark, and Canada.
Continue reading ‘WOSA’s diversity positioning to be extended’
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