Advertise with fastmoving.co.za
 
 

Russian Standard Vodka acquires 70% stake in Italian wine producer Gancia
Russian Standard Vodka acquires 70% stake in Italian wine producer Gancia

Russian Standard Vodka acquires 70% stake in Italian wine producer Gancia

LIQUOR NEWS

Drinks Business Review - Dec 20th 2011, 09:17

Russian Standard Vodka, a premium Russian vodka brand owned by Roustam Tariko, has bought 70% stake in F.lli Gancia & C, an Italian sparkling-wine and vermouth producer to expand the Italian company. 

The Russian company said Tariko will head Gancia as its president and the Vallarino Gancia family members will continue to play a key role in the company's management.

Gancia's product portfolio falls into four categories: sparkling wines, still wines, apertif and specialty. The sparkling wine series includes Cuvée Classic Method, Cuvée Platinum and Pinot di Pinot. The aperitif family features Vermouth Bianco Gancia, Vermouth Gancia Dry and Vermouth Gancia Rosso.

Glancia enjoys leading position in sparkling wine and vermouth industry. Russian Standard has plans to develop and expand Gancia's brands into Russia, reported Bloomberg.

Gancia has 2000 hectares of controlled vineyards, and 30 hectares of its own vineyards for the production of red and white Piedmontese wines.

It produces still and sparkling wine made from grapes such as Brachetto, Chardonnay, Prosecco, Pinot noir, Pinot grigio and Pinot Bianco.

Gancia produces 250 million bottles of sparkling wines, wines and aperitifs produced each year. The company has international presence in over 60 major export markets including Portuguese, Japan, Finland, France, Belgium, Korea, China, Russia and the US. 

Related News

UK government seeks views on proposed plastic packaging tax
21/02/2019 - 09:21
The UK government has launched consultations on the introduction of new plastic packaging taxes and tougher rules for packaging producers, in a move towards a more circular economy.

Cape wine production set to be low after 3-year drought
07/02/2019 - 19:19
The Cape's three-year drought has taken its toll on the wine industry and early indications are that this year's harvest will be even lower than the poor 2018 harvest.

Woolworths rolls out paper-stemmed earbuds
30/01/2019 - 14:26
Woolworths has kickstarted the year with its latest announcement in its journey to ZERO packaging waste to landfill, with the rollout of Woolworths branded paper-stemmed earbuds.

Police destroy 148 000 litres of confiscated liquor
29/01/2019 - 10:36
The Police Ministry oversaw the destruction of more than 148 000 litres of confiscated alcohol, one of the main contributors to crime, especially over the festive season, it said.

Value of wine exports up despite drought in Western Cape
28/01/2019 - 09:41
The value of wine exports grew by 4% in 2018, despite a difficult season and a long-term trend of producers dwindling.