SPAIN: Codorníu eyeing international targets
Spanish wine group Codorníu is looking to further expand its business outside its homeland, the company said today (12 December).
Codorníu, a leading cava producer, is eyeing "prestigious brands" in key wine regions around the world to complement its interests in Argentina and California.
Reports in Spain said that the company is particularly interested in Champagne but a spokesperson told just-drinks the company planned to cast its net even wider.
"Under our three-year strategic plan, we are planning to invest in another brand, be it in Champagne, Tuscany, Bordeaux; we are looking only at prestigious brands," the spokesperson said.
The spokesperson refused to say whether Codorníu has identified specific targets or how much it would spend on any acquisition.
Codorníu currently owns the Artesa winery in California's Napa Valley and the Septima winery in Mendoza, Argentina.
- Review of the Year 2014 - Part IV: Spirits
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part V: Wine
- just Five Years Ago - Belvedere Group's Bumpy Ride
- just the Ten - Editor's Viewpoints of 2014
- Belvédère to sell assets, streamline portfolio
- Campari to bag EUR19m with "non-core" assets sale
- Pernod agrees Caribe Cooler sale to Grupo Bepensa
- Pernod wins consent for Glenlivet upgrade
- Thailand pulls back from New Year alcohol ban