Campari Group has signed an agreement to dispose of the Lapostolle wine business in Chile for €30 million.
The sale consists of Chilean wines and pisco, under the brand Lapostolle, and other brands, as well as the vineyards, vinification and production plants, inventory, real-estate assets, and the Lapostolle Residence hospitality operations in Chile.
The Lapostolle winery, in the Santa Cruz region, owns 370 hectares in three different vineyards and has a portfolio of premium wines, including Sauvignon Blanc, Chardonnay, Cabernet Sauvignon, Merlot, Carmenère and Syrah.
Distributed in more than 60 countries around the world, the Lapostolle portfolio includes multi-award-winning wines such as Clos Apalta 2005, ranked first in the Top 100 of online ranking site WineSpectator.com in 2008.
With this transaction, Campari Group confirms its commitment to fully exiting the still-wine business, continues to streamline its non-core activities, and increases its focus on its core spirits business.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
