News

CANADA: Vincor looking for "beachhead" in Chile

Most popular

Sustainability to shape post-pandemic recovery

Interview - Zico Coconut Water founder

Could coronavirus make for more caring companies?

Interview - William Grant senior category director

Interview - Rima Sawaya, Kahlua brand manager

MORE

Vincor International is looking to make acquisitions in Chile. Speaking at a conference in Toronto on Tuesday (21 September), Vincor CEO Donald Triggs said that most of the company's future growth would be in markets where it is already established, especially Australia and the US. Vincor also owns brands from Canada, New Zealand and South Africa.

While future acquisitions in these markets will lead to hard cost savings, Triggs said that the exception is the Chilean market, where the company is looking for a "beachhead acquisition."

Triggs also said that there are many strong wineries in Chile, and that the company would focus on companies that have an established brand and marketing presence.

Triggs declined to comment on whether Vincor would consider acquiring assets from Robert Mondavi, who announced last week that it plans to sell its luxury brands and other non-strategic assets. "The US is a high priority market for us . . ." Triggs said. "We're always looking at new opportunities. I wish I could comment on the specific opportunities, but I can't."


Sectors: Wine

Related Content

"We're looking for brands that can bring new growth opportunities to the group" - just-drinks speaks...

"Who knew we'd launch in the middle of a pandemic?" - just-drinks speaks to Jade Padua, co-founder o...

"Let me say right here, plastic in itself is not the issue" - Interview - Refresco CEO Hans Roelofs...

"Wine has been inherently conservative for a very long time" - just-drinks speaks to Kingsland Drink...

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?