Pernod Ricard sells Lindauer

first_img Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Monday 18 October 2010 7:59 pm Show Comments ▼ whatsapp Pernod Ricard sells Lindauer Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo PERNOD Ricard has sold its Lindauer New Zealand sparkling wine brand to a consortium composed of brewer and drinks distributor Lion Nathan New Zealand and contract winemaker Indevin.The NZ$88m (£42m) sale includes a number of other minor wine brands from Gisborne and Hawke’s Bay.Lion Nathan produces Steinlager and Speight’s beers and distributes leading brands including Smirnoff and Bacardi in the New Zealand market.Indevin operates wineries in Marlborough and Hawke’s Bay.Meanwhile, elsewhere in the New Zealand wine industry, Delegat’s Wine Estate is reported to be in the process of buying out the remaining shares it doesn’t already own in Oyster Bay. It already has a 54.9 per cent stake. The sale is subject to Overseas Investment Office approval. The sale includes the sparkling brands Aquila, Bernadino, Chardon, Lindauer and Verde and seven brands in Pernod Ricard’s still wine portfolio, including Bensen Block, Corbans, Huntaway, Jackman Ridge, Riverlands, Saints and Timara. Pernod Ricard New Zealand managing director Fabian Partigliani said the company would continue in New Zealand with the Brancott Estate, Stoneleigh, Church Road, Deutz, Boundary and Triplebank brands.Some experts speculated that the sale could make it more difficult for Fosters to offload its wine division.Analysts have said that the company will be unwilling to accept less than its book value of around $3.1bn. Foster’s last month rejected an indicative offer from New York-based Cerberus Capital for between $2.3bn (£1.4bn) and $2.7bn. Tags: NULL KCS-content last_img

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