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FRANCE: Marie Brizard sells sparkling wine arm

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French wines and spirits group Marie Brizard says it has signed an agreement with Burgundy-based company Kriter-Patriarche for the sale of its sparkling wines subsidiary, Sorevi.

The deal, which takes effect from January 1, 2004, marks the latest stage in a re-organisation process that will see the Bordeaux-based group's business focussed on three activities - still wines, spirits and non-alcoholic drinks.

Sorevi has an annual output of just over 25 million bottles with its main domestic brands being Paul Bur and Pol Rémy brands and its Veuve du Vernay brand reserved for export.

For Kriter, the acquisition of Sorevi will strengthen its market position adding an estimated 25 million euros to the group's turnover.

In October this year, Marie Brizard sold two other subsidiaries - Florida-based Marie Brizard Wines & Spirits, USA (MBWS) and Les Caves de la Bouvraie - a sparking wines specialist - to Burgundy trader, Boisset.


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