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 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”.

Mark Beech

Wine news: Sotheby’s Hong Kong shop opens with $36,000 Haut-Brion via @BloombergNews by @Frederikbalfour

Tue Sep 16 15:57:43 2014
College Life™

I drink coffee because I need it and wine because I deserve it.

Mon Sep 15 17:30:11 2014

RT until 5 for your chance to #winwithKETTLE a case of our new seasoning Cheshire Cheese, Red Wine & Cranberry chips!

Mon Sep 15 11:01:11 2014
Bow & Truss

We're excited to see our Chef Aaron Grissom on the October issue of Food & Wine Magazine !!

Tue Sep 16 21:28:13 2014

@hottaemales ive only tasted one drop of wine my entire life and it was from my uncle during thanksgiving

Tue Sep 16 21:28:13 2014
W. R. Tish

RT @JMiquelWine: TOP Coolest #Wine Labels 2014 via @Forbes #winelover A FEW GEMS there ! 🍷

Tue Sep 16 21:28:12 2014

@VineStMarv If you wanna be a true white girl you have to tweet a pic of you in the bath tub with a 10 dollar bottle of wine

Tue Sep 16 21:28:12 2014
joanna skorzewska

RT @JMiquelWine: HARVEST TIME in the WORLD... PASSION turns into #WINE & a whole lot of FUN for #WineLover🍷 img http…

Tue Sep 16 21:28:12 2014
Amy Bergesen

Laundry-n-Wine. Ain't no filter gonna do that justice. #ifonlyihadpoptarts #laundrynwine

Tue Sep 16 21:28:11 2014
Lisa&Bruce Schneider

RT @WineHype: Savannah-Chanelle Vineyards in Redwood Country: About Savannah-Chanelle Vineyards in Redwood Country Whe...…

Tue Sep 16 21:28:11 2014

Live Updates from Twitter


User Comments
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. [url=]fpgxrwwsybk[/url] [link=]nxwcmmhgxz[/link]
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.
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.
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. [url=]nzyunbs[/url] [link=]puftnghi[/link]
That's a brilliant answer to an inietesrtng question
Designed & Developed by