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“We believe that Europe is a potential [market] for stability and growth in pockets... but I don’t want to be too optimistic too soon,” CFO Harold van den Broek said.
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As part of the agreement, AdVini will receive the Café de Paris sparkling wine brand and its production site, along with the Cordier brand.
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The group is snapping up the Matthews, Tenor, Jaine and Single Barrel brands from local winemaker Avallé.
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Fredriksson, who has been at the helm of family-owned Löfbergs since 2021, will join Humble in September.
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Whiting also reflected on the possible impact on the beverage alcohol sector from cannabis consumption and the increasing use of GLP-1 drugs.
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Engine Gin founder Paolo Dalla Mora and Luca Gargano, owner of the Italian importer Velier, have set up Liquid Ventures alongside Bob Kunze-Concewitz.
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The new business unit will look after the Louis XIII Cognac and Champagne Telmont brands.
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Executives from Danone, Tine and Valio are set to speak at this year’s Dairy Innovation Strategies conference in the Dutch capital.
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