CANADA: Vincor continues investment in growth
Strong growth initiatives and strategic investments in the first quarter of fiscal 2001 resulted in a slight decline in earnings for the period, Vincor International announced today."During the first quarter we continued our transition into the premium wine category by investing in the acquisition of two of British Columbia's leading estate wineries, launching two new premium wines in Ontario, expanding our premium offerings in the Québec grocery distribution channel, and gearing up for the launch of a new range of premium wines in Québec," said Donald L. Triggs, Vincor President and Chief Executive Officer.The first quarter also saw Vincor continue the expansion of its celebrated icewine into the United States and the Company received further accolades with Jackson-Triggs being named the best Canadian Winery for the second year in a row at the International Wine and Spirit Competition in London, England.Vincor's highlights for the quarter included:
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