TWC Leaf
 
Search Categories


Wine Tour India - A unique Blend of Hospitality & Knowledge

Updates From Facebook

Wine News
winenews_previous winenews_next

Constellation Sells its Wine Businesses


28 - dec - 10

A selling spree is taking the wine world by storm it seems. Constellation Brands has sold its wine businesses in Australia, the UK and South Africa to a private equity company in a deal worth A$290m.

According to a decanter.com report, Sydney-based CHAMP Private Equity will buy 80% of Constellation Wines Australia and Europe (CWAE) for A$230m under the terms of the deal, including high-profile brands like Hardys and Kumala.

The price of the acquisition is in stark contrast to the A$1.9bn Constellation paid for the BRL Hardy wine business in 2003.

“The CWAE business sells quality wines from the important Australian appellation and has significant scale, but continues to be faced with challenging market conditions,” said Rob Sands, president and CEO of Constellation Brands.

“Therefore, the business is no longer consistent with Constellation’s strategy. We believe CHAMP has the requisite skills and motivation necessary for accelerating the success of the CWAE group.”

CHAMP managing director John Haddock said the company was “committed to supporting management in building a competitive and profitable business in the Australian and UK markets, and will invest to grow the business”.




Share
☁︎

in the mood to share a bottle wine w someone & get to know everything about em . 🍷🌙

Fri Sep 30 01:36:35 2016
Nisa Local

It's #FreebieFriday! RT+FOLLOW for your chance to WIN a case of @GalloFamily wine!🍷 T&Cs: https://t.co/3FGDMu6eyw https://t.co/VuVMwp0n3S

Fri Sep 30 15:00:06 2016
Game Of Thrones

*CLINK* Pour out some Dornish wine in some new #GameofThrones glassware: https://t.co/5iHXGC5pgu https://t.co/PFcGtCRqRj

Fri Sep 30 18:00:08 2016
Vim

#wine I'll Drink To That: Cristiano Garella of Colombera & Garella Winery https://t.co/qxWRXc4LPM

Sat Oct 01 03:16:19 2016
sarah

this wine is some good shit. two glasses in and i'm buzzed.

Sat Oct 01 03:16:19 2016
Wine Ambassador Kim

Drinking local wine wine with my wine sisters #WineGuideLife #WineAmbassadorKim #BestJobEver https://t.co/vEXX93Ksl9

Sat Oct 01 03:16:18 2016
sloth mom

@SuneosMom "Gorgonzola cheese and my favorite fruit juice" -A very prominent line I remember from the DM dub as a child when he drank wine

Sat Oct 01 03:16:16 2016
Mary

I got to drink wine at work today, that's awesome.

Sat Oct 01 03:16:14 2016
Viridiana

Wine night. 🙌🙌

Sat Oct 01 03:16:11 2016
Shelby Hood

RT @The_ChrisRouse: If you don't know all the words to "Strawberry Wine" then you wasting my time.

Sat Oct 01 03:16:07 2016

Live Updates from Twitter

Comments









User Comments
Tania
Tania
Because other people are open about haivng problems it makes it easier to accept there is a problem and get the help that can turn the situation around. I was glad of the support available a few years ago and it made a big difference in getting things back in perspective. http://dkwymm.com [url=http://fpgxrwwsybk.com]fpgxrwwsybk[/url] [link=http://nxwcmmhgxz.com]nxwcmmhgxz[/link]
Conjunto
Conjunto
I think brilliant info helps make the world go anurod. This particular content you've composed is fabulous and fascinating. With many so-called authors to choose from I am grateful you're authentic. Thanks so much.
Michele
Michele
Hello there I am so glad I found your blog, Ireally found you by error, while I was searching on Aolfor soenhtimg else, Regardless I am here now and would just like to say cheers for a incredible post and a all round interesting blog (I also love the theme/design), I don't have time to read it all at the minute but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read more, Please do keep up the fantastic work.
Shaza
Shaza
I would absolutely LOVE to take one of these claesss. I am just getting started in the catering world, and have been madly in love with all things food for as long as I can remember. http://ezkgggvtc.com [url=http://nzyunbs.com]nzyunbs[/url] [link=http://puftnghi.com]puftnghi[/link]
Mikel
Mikel
That's a brilliant answer to an inietesrtng question
Designed & Developed by  www.efrontier.in