Michel Reybier, owner of Chateau Cos d’Estournel (www.cosestournel.com), grand cru classé of Saint-Estèphe, today announced that he is in discussion with Chateau Montelena’s founder, Jim Barrett, to acquire the Chateau Montelena Winery in Napa Valley, pending regulatory approval. Chateau Montelena is known as one of the world’s greatest wine estates and is famous for having won the renowned Paris Tasting of 1976.
Continue reading ‘Chateau Montelena and Chateau Cos d’Estournel jointly announce proposed acquisition - close of sale pending regulatory approval’
Archive for the 'Mergers & Acquisitions' Category
Pernod Ricard is pleased to announce the completion of the acquisition of V&S Vin & Sprit AB (“V&S”). This follows the decision by the European Commission on 17 July 2008 to authorise Pernod Ricard to acquire 100% of the shares in V&S in accordance with the agreements concluded between the Kingdom of Sweden and Pernod Ricard on 30 March 2008. The transaction is valued at €5.69 billion, including debt.
Continue reading ‘Pernod Ricard’s completed acquisition of V&S’
March was a busy month for Bernard Magrez who has just bought himself six hectares of vineyard in Japan, not far from the slopes of Mount Fuji.
Continue reading ‘French wine mogul buys in Japan’
Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol, today completed the previously announced sale of the Almaden and Inglenook wine brands, and the Paul Masson winery located in Madera, Calif., to The Wine Group LLC for $134 million in cash. Proceeds from the transaction will be used to reduce Constellation’s borrowings.
Following approval from the New Zealand Overseas Investment Office, Pernod Ricard confirms successful completion of the Framingham brand, winery and vineyard sale to Sogrape effective 31st January 2008. In accordance with the agreement, Pernod Ricard retains the distribution rights for Framingham in New Zealand, Australia and the Pacific Travel Retail markets.
- Constellation to increase focus on faster-growing, higher-margin wine
- Proceeds will reduce borrowings
- Company updates fiscal 2008 outlook
Continue reading ‘Constellation Brands sells Almaden and Inglenook to The Wine Group’
New report finds 50% of family-owned wineries to change hands by 2017.
Continue reading ‘U.S. wine industry to experience ownership shake-up’
After new Chinese owners in the Entre Deux Mers, a family from the north has set up in Moulis in the Médoc.
Philippe Cuvelier (formerly of Papeteries Guilbert) has crossed to the other side of the Garonne river to begin a new venture in the famous Médoc vineyard, purchasing one of the flagship estates of the appellation, Château Poujeaux.
Continue reading ‘Château Poujeaux: a new owner’
Pernod Ricard España has announced that, subject to certain conditions, it has reached an agreement to sell a number of brandy and sherry brands to Osborne.
Continue reading ‘Pernod Ricard España sells sherry brands’
Diageo, the world’s leading premium drinks business, announced today that it has entered into an agreement to acquire Rosenblum Cellars. The acquisition represents a unique opportunity to own a highly rated Zinfandel brand and therefore it further enhances Diageo Chateau and Estate Wines’ brand range in the fastest growing segment of US wines, the premium segment. The consideration $105 million and it is anticipated that the acquisition will be economic profit positive during the fourth full year of ownership.
Continue reading ‘Diageo to acquire Rosenblum Cellars’
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’
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’
Constellation Brands, Inc. (NYSE: STZ, ASX: CBR) and Fortune Brands, Inc. (NYSE: FO) today announced that they have entered into an agreement under which Constellation will acquire Fortune’s U.S. wine business for $885 million, subject to post-closing adjustments. The transaction is expected to close by Dec. 31, 2007.
Continue reading ‘Constellation Brands to buy Fortune Brands’ U.S. wine business’
The Catalonian Group takes over A.V. Imports, one of the US top twenty wine importers
Continue reading ‘Codorníu buys US distribution company’
UST Inc. (NYSE: UST) announced recently that its Ste. Michelle Wine Estates subsidiary (SMWE) will hold a majority interest in a joint venture with Marchesi Antinori to acquire Stag’s Leap Wine Cellars and its famed Napa Valley, California, vineyards for a total purchase price of $185 million. The deal is expected to be completed in September.
Continue reading ‘UST’s Ste. Michelle Wine Estates subsidiary and Antinori reach agreement to acquire Stag’s Leap Wine Cellars’
Montalieus and Niemeyer assume ownership of 200-acre property
Continue reading ‘Oregon’s Northwest Wine Company partnership purchase historic Hyland Vineyard’