Constellation Brands has signed a long-term strategic deal with China’s VATs Liquor to develop the world’s best-selling table wine Robert Mondavi in the country.
World wine giant Constellation Brands continued to profit from its
takeover of Robert Mondavi wine in its third quarter as the group
looks to focus more seriously on Europe.
Constellation Brands has seemingly walked out on Canadian wine firm
Vincor after its takeover offer expired, but the fall-out is
unlikely to hamper drinks industry consolidation trends.
Italian fraud police have seized more than nine million bottles'
worth of high quality Chianti Classico wine at the renowned Ruffino
winery in Tuscany, seriously threatening the group's supplies at
the start of the new season.
Constellation is planning to launch newly acquired Robert Mondavi
wines across Europe after it helps sales soar in the US, and Pernod
Ricard finally has Allied Domecq in its sights, reports Chris
Mercer.
Southcorp has said that Foster's A$3.1 billion takeover attempt
today is "inadequate and opportunistic". But, with its beer
business stagnating and the global wine trade consolidating,
Foster's may need to get...
Diageo confirms that it has trumped the bid that Domaines Barons de
Rothschild, Constellation Brands and Quintessa had submitted to
acquire the Chalone Group, reports Kim Hunter Gordon.
As expected, Constellation Brands, the diversified US drinks group,
has acquired Australia's leading winery BRL Hardy in a deal valued
at around €1.32bn.