FMCG News South Africa

French giant invests in Cape wine

After snapping up L'Avenir and Le Bonheur in Stellenbosch, French wine giant AdVini has bought 50% of Forrester Vineyards, aiming to double its sales in the next few years.
French giant invests in Cape wine
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Advini will distribute Ken Forrester wines in mainland Europe and Asia, while Forrester - who is staying on as CEO and retains ownership of his property - and his team will drive sales in the North American and English markets.

Forrester, often referred to as the "King of Chenin", said: "The deal with AdVini is a fantastic opportunity for me to tie up with a massive distribution network and one which is especially strong in new markets for me, such as Europe and, in particular, Asia."

The former restaurateur started his winery in 1994 when he bought a farm in the Helderberg.

"I began talking to AdVini about four years ago when I was looking for a network to help me to expand into Asia," Forrester said, adding that the aim was to increase sales from 80,000 cases a year to more than 200,000 within five years.

AdVini marketing manager Jean-Pierre Durand said the decision to focus on South Africa began with the purchase of the Laroche brand in 2010.

Source: The Times

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