FRANCE: Laroche set to raise capital
The move, designed to restructure debt, will see the company's major shareholder, Michel Laroche dilute his stake from 61% to 52%. The plans are to raise EUR3m immediately and EUR1m a year from now.
Over half of Laroche's annual turnover - which stood at EUR27m for the 2004-2005 financial year - is generated by sales of Chablis. However, having invested heavily in both Chile and South Africa, Laroche is aiming to produce one quarter of its wines in the New World in the next five years.
The UK market is developing in terms of sales and sophistication. Drawing on up-to-the-minute consumer research, Alex McPhee, Neville Calvert and David Matthews of management consultants, KPMG, examin...
Recently published research indicates that while consumers have taken to the clear and modern marketing techniques employed by New World producers, they still cherish the romance and mystique of wine,...
Seven French wine co-operatives have joined forces to create a brand to compete with its New World rivals....
US wine and spirits distributor New World Brands has appointed David Rudden as CEO....
UBS has begun its coverage of the Chilean wine producer Concha y Toro (VCO)....
Vincor International has reported a 46% increase in first quarter sales, compared to the same period last year, to C$165.8m, following its acquisition of Western Wines in July last year....
The Norwegian drinks distributor Arcus is to launch its own Argentine wine brand....
The French wine industry's troubles are unlikely to be helped by this year's harvest as preliminary figures predict a bumper crop, placing more pressure on winemakers who are still struggling to sell ...
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