Concha y Toro has secured a deal to rent the facilities of Vina Canepa in Chile.
The Chilean wine company confirmed today (15 March) that it has signed an agreement, which will also allow Concha y Toro to run the brand licence of Canepa. Financial details of the deal were not disclosed, but the spokesperson described the fee as "negligible".
"Concha y Toro will manage and oversee Canepa's brands both in Chile and worldwide," a spokesperson told just-drinks. "This is a medium-term project," she added, noting that no time frame had been set for the rental arrangement.
Vina Canepa is what the spokesperson described as a "medium-sized" winery in Chile, which last year sold 118,000 cases worldwide.
"This is something we think is an opportunity to utilise Concha y Toro's distribution to help grow Canepa's sales," the spokesperson concluded.
Sectors: Wine
Companies: Concha y Toro
