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
Cleveland Cavaliers

A Wine & Gold parade in Utah? Yep. #OneForTheLand https://t.co/xXf48qOl4S

Fri Jun 24 19:21:28 2016
ABC News

Hoping to revive business, Barnes & Noble to to unveil new stores that sell beer and wine. https://t.co/naLppekXLr https://t.co/7QFzJwnebP

Fri Jun 24 05:38:49 2016
TIME.com

This massive bookstore chain will soon sell beer and wine https://t.co/rdKNIEzk6Y

Fri Jun 24 20:30:01 2016
Guildford Fringe

Having a well deserved glass of wine at @CorkageWine We'd love to chat about how we could work together? @NickWyschna

Sat Jun 25 17:34:57 2016
tay

RT @allispivey8: idc ur relationship status, when Strawberry Wine comes on u sing it like u just got ur heart broke

Sat Jun 25 17:34:53 2016
T.J. Singh

David Horowitz - Uncivil Wars (Part 2): https://t.co/NwLsTWdZpa via @YouTube

Sat Jun 25 17:34:53 2016
New Level

RT @BreezyDuhhh_: Killlllll that food, pac, wine did the MF job 😂😭 but we all worked yesterday we was tired 😫😫😫 https://t.co/rHeaYViMzX

Sat Jun 25 17:34:50 2016
Paige Basalyga

Wine hangovers are the worst 😷

Sat Jun 25 17:34:50 2016
Carola de la Fuente

RT @LauraCatena: Incredibly proud to see papá live at @laciteduvin For sure the best #wine #museum in the world #winelover #vivelafr… https…

Sat Jun 25 17:34:49 2016
Aly Krizan ❤️

Is it too early for wine

Sat Jun 25 17:34:48 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