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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 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”.


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Fri Apr 29 01:36:45 2016
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Thu Apr 28 02:02:44 2016
Nicole Polizzi

I'm at the gym and all I want is oil, bread and wine. ✋🏽

Wed Apr 27 23:31:08 2016

Just checked the fridge, yes we have wine yes we have beer and yes we have Hendricks Gin, I am patiently waiting for 5pm -#LongWeekend

Fri Apr 29 10:02:37 2016
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Fri Apr 29 10:02:31 2016
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RT @WhatTheFFacts: The world’s oldest person lived to be 122-years-old. Her diet was olive oil, port wine, and 1 Kg of chocolate a week.

Fri Apr 29 10:02:24 2016
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Fri Apr 29 10:02:20 2016
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Fri Apr 29 10:02:18 2016
Sally Sparks-Cousins

LIVE on #Periscope: Friday Wine Time Q&A #JamAndSparkle

Fri Apr 29 10:02:15 2016

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