S AFRICA: Vinfruco, Stellenbosch discuss merger
Vinfruco and Stellenbosch Vineyards are in talks to merge the two companies. In a notice issued on Monday, the two wine companies said that their boards of directors were discussing a merger that would create a group with combined annual sales of around ZAR500m (US$76m).
No further details were released about the talks, but Stellenbosch Vineyards has notified its joint-venture partners about the negotiations, the company said.
The need for consolidation among South Africa's smaller wine exporters has become an increasingly urgent issue, in light of a stronger rand and growing international wine surpluses intensifying competition.
Vinfruco is an independent company in which Capespan holds a major stake. Stellenbosch Vineyards announced a joint venture with Constellation Wines last September to market its wines in Europe.
A consortium led by Constellation Brands has made a tentative approach for Allied Domecq....
The Board of Directors of Constellation Brands, Inc. has declared a quarterly dividend on the company's 5.75% Series A Mandatory Convertible Preferred Stock, payable on 1 June, to shareholders of reco...
Constellation is expected to launch a counter-bid for Allied Domecq by the end of this month, according to press reports....
The Hardy Wine Company has posted a record grape harvest....
Constellation Brands is to launch a new Australian wine brand onto the US market through its North Lake Wines. The wine will be called Kelly's Revenge....
A host of drinks companies spent the weekend mulling over whether to launch counter-bids for Allied Domecq, according to press reports over the last few days....
This weekend's press reports have thrown up two other interested parties in the potential Allied Domecq carve-up....
Constellation Brands is interested in some of Allied Domecq's spirits brands, according to reports today (15 April)....
- Interview - Bernstein analyst Trevor Stirling
- Trump, local spirits and the IR role - The Analyst
- Is Irish whiskey ready to recognise its potential?
- Cannabis – A clear and present danger to alcohol
- The European beer market - Focus
- Diageo appoints first programmatic marketing head
- Diageo strike threat postponed with fresh vote
- Pernod Ricard offloads Domecq brandies, wines
- Remy snaps up Seattle's Westland Distillery
- Sazerac poaches ex-Diageo government director