CHINA/S AFRICA: Distell takes majority control of CJ Wines & Spirits
Distell has acquired a 60% share in privately-owned Chinese distribution company CJ Wines & Spirits.
The South African company, which announced the purchase earlier today (3 September), said thet the Chinese firm will change its name to Distell China. CJ has been supplying Bisquit Cognac to the Chinese market since it acquired it in 2009. It also distributes Distell’s Amarula Cream liqueur.
No sum was disclosed for the acquisition. The new entity will look to develop its footprint in the strong Cognac markets of south China, before addressing others in Beijing, Shanghai and Chengdu.
CJ is based in Zhongshan in the Pearl Valley Delta of Guandong Province and has operations in Hong Kong, Macau and the mainland.
According to Distell's MD, Jan Scannell: “The new venture will carry spirits and wines from around the world, and that obviously gives us the scope to explore avenues for some of our other brands.”
Distell also has a number of wine distributors looking after their various wine brands, including ASC Wines from the Shanghai area.
The penultimate part of just-drinks' review of 2012 looks at a tumultuous year for the wine category....
- Comment - The Appeal and Perils of Craft
- Review of the Year 2014 - Part IV: Spirits
- Time is Right for Refresco Gerber Exit
- Review of the Year 2014 - Part II: Beer & Cider
- just the Ten - Top News Stories of 2014
- Belvédère to sell assets, streamline portfolio
- Belvedere vodka tie-up over new James Bond film
- Diageo ups focus on China with Mortlach roll-out
- Brown-Forman eyeing Scotch, Irish whisk(e)y entry?
- Diageo rolls out Beckham's Haig Club to US
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018
- Global market review of non-Scotch whiskies – forecasts to 2018