Ruffino to 100% a Constellation?

by Tuesday, February 8, 2011

Relaunch of news Winenews. Ruffino, one of the oldest and best known Italian wine,already at 49,9% American giant Constellation Brands, could become the 100% American owned. The Folonari family, current owner of the majority of the Group (Pictured Luigi and Adolfo Folonari), exercised, in 2010 the "put option" laid down in the agreement of 2004, they sold a minority share of the multinational, and which provides the opportunity to sell all the shares (of trademarks and properties in Pontassieve, and not all the seals, ndr) a Constellation. The situation, However, He lives a time of stalemate since the Usa has sent things to arbitration, especially to re-evaluate the actions established in quotes 2004. In any case, it appears unlikely that Ruffino loses its "italianness": as already done for other realities, Constellation Brands may decide, Anyway, to keep the current management, for a group from 13,5 million bottles per year (the 85% export), and that, over the past 7 months 2010, saw the turnover +27% on 2009.

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