SPI Group invests in Argentinean winery

21 April, 2011

SPI Group has acquired shares in Argentinean winery Achaval-Ferrer, as part of its strategy of investing in “jewels of the wine world”.

The drinks group, which is already a shareholder in Frescobaldi in Italy and Michael Mondavi of California, has acquired "a significant share" in the Mendoza-based winery.

Val Mendeleev, SPI’s chief executive officer said: “The Achaval-Ferrer winery is renowned for producing ultra-premium Argentinian wines which score some of the highest rankings from Robert Parker and Wine Spectator."

As part of the agreement between the two companies, the president of Achaval-Ferrer, Santiago Achával Becu, will retain his position and take on new resopnsibilities with SPI’s other wines.

Becu said: “This partnership presents a fantastic opportunity for our wines to achieve greater distribution and recognition the world over."





Comment

Dominic Roskrow

The serious business of bourbon

This is most odd. I’m standing with two American gentlemen in the corner of a very swish steak bar staring at a surreal painting of what we’re being told is a ship exploding as it sails towards a lighthouse. I think.

Click for more »

Events

Facebook

Twitter