News

US: 360 Global Wine sales rise on acquisition

Most popular

Hard seltzers pave the way for 'soft seltzer'?

What will Coca-Cola Co's priorities be? - analysis

The rise of adaptogens in soft drinks

Constellation Brands in fiscal-2021 - preview

What will Heineken's future priorities be?

MORE

360 Global Wine Company has seen first-quarter revenues rise on the back of its recent acquisition of Viansa Winery.

The Californian wine producer bought Viansa last July and the purchase drove a strong increase in sales during the first three months of 2006. First-quarter revenue reached US$4.2m, up from US$449,000 last year. Gross profit leapt to US$1.9m, up from US$159,000 during the first three months of 2005.

CEO Jake Shapiro said: "This has been an exciting quarter for 360. We are encouraged with the progress we are making in the wine business. Seasonally, our strongest quarters are our third and fourth quarters. We are very encouraged by the performance of this first quarter in 2006. With the management team that has been built at 360, we are looking forward to exciting growth potential for the company based upon both organic growth and strategic acquisitions."


Sectors: Wine

Related Content

Monster Beverage Corp Q1 2020 - Strong sales continue, +12.3% - results data

Monster Beverage Corp Q1 2020 - Strong sales continue, +12.3% - results data...

Third-quarter sales approach parity for Coca-Cola Hellenic Bottling Co - results data

Third-quarter sales approach parity for Coca-Cola Hellenic Bottling Co - results data...

Britvic H1 2020 - Sales rise 1.4% in

Britvic H1 2020 - Sales rise 1.4% in "robust" start - results data...

Craft Brew Alliance Q1 2020 - Sales down 6.6%, draught demand dries up - results data

Craft Brew Alliance Q1 2020 - Sales down 6.6%, draught demand dries up - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?