S AFRICA: Winecorp owner to streamline interests
Spier, the South African leisure and wine group that owns Winecorp, is to bring its various companies under one umbrella by June next year.
Winecorp CEO Vernon Davis said the move will strengthen the group's competitive position while simplifying the governance of the company. Davis will give up his role in charge of Spier's wine business to head the integrated group. Adrian Enthoven, will move from group CEO to become chairman.
The brands in Winecorp's wine portfolio include Spier, Longridge and Savanha.
Spier group brand director Derek Carelse said that the company will concentrate on its key wine brands and, while some might fall away, others doing well in specific markets would be retained.
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