This week saw three large transactions in the wine industry:
Giordano, Italy's third largest winery and a company I have worked with extensively, yielded primary control to a private equity firm for a figure rumored to be in the $150-200 million range;
Sam's Wine and Spirit, one of the largest wine retailers in the US, sold an 80% stake to Arbor Private Investments and
Inertia Beverage Group, a software provider for wineries, raised $8 million in a venture capital round.
The industry is slowly continuing to shake off its parochial roots and attract the attention of professional investors.
This is good news for consumers.
Outside money increases the bar for competition and as more, better run, and better funded companies compete for your attention, you, the consumer, will gain the most - with better, more efficient service, lower prices or access to a wider variety of quality products.
Wine industry comes of age
- Reply by amour, Jan 17, 2010.
ANYTHING NEW WE MAY NEED TO KNOW ON THIS FRONT !!!
CHEERS....cheap Marcus James MERLOT 2008.....Good enough !