Wine Investors Think Globally
Wine Investors Think Globally
Feb 11, 2013 6
(Wines&Vines) - The acquisitions of high-end wineries such as Sloan Estate, Livingston-Moffet (now Dana Estates) and Bialla (now Ripe Peak Winery) by Asian investors; Australian Accolade Wines’ purchase of Geyser Peak; Boisset Family Estate’s acquisition of Raymond, DeLoach, Buena Vista, Lockwood and Lyeth Estate, and Concha y Toro’s purchase of Fetzer highlight the increasing globalization of the wine industry. At the recent Unified Wine & Grape Symposium, Jeff Menashe of Demeter Group moderated a panel about foreign investments in the U.S. wine industry, sharing his belief that there are more acquisitions to come—particularly in high-value North Coast winegrowing regions. The big prize everyone is anticipating, he said, is an acquisition of Treasury Wine Estates, including the large Beringer brand.
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