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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”.


(512): I may or may not be sitting in a bubble bath drinking wine, watching Jurassic park, and wearing a Russian fur hat.

Mon Nov 23 16:33:06 2015
The Economist

The Churchills spent around £1,160 each year on wine—£104,400 in today's money

Tue Nov 24 13:43:41 2015
The Economist

The Churchills spent around £1,160 each year on wine, £104,400 in today's money

Tue Nov 24 05:32:06 2015

Some Musicians Got Stuck In Their Car And Had The Best Damn Jam Session via @Shayan_SR @BuzzFeedIndia Love this!

Wed Nov 25 04:09:03 2015
EmmaMarie Skarring

@caseytdurham ❤️ yassssss. Next date after that is Ed Sheeran and wine night

Wed Nov 25 04:09:03 2015

RT @russell_li13: Wine in, truth out. #vape #vaping #vapelife #ecigs #vaporizer #VapeCommunity

Wed Nov 25 04:09:00 2015
Alex Espenson

How China Conquered France's Wine Country #Markets |

Wed Nov 25 04:09:00 2015

RT @SplattrCatGames: Box was pretty damn heavy, I knew he was gonna send home wine from the trucks that had breakage etc. but not this much.

Wed Nov 25 04:08:59 2015
Wine Tweeters

RT @alawine: "#Wine is sunlight, held together by water" Galileo Galilei (1564 - 1642) RT @AVineRomance: #winewisdom

Wed Nov 25 04:08:59 2015
festive mö

RT @sadlilflocka: The "late as hell, wind down, sippin on wine, and gossip" playlist #ThanksgivingWithBlackFamilies

Wed Nov 25 04:08:57 2015

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