Double up: China Wine & Spirits acquires DT Asia
Posted on | December 29, 2011 | 1 Comment
By Jim Boyce
China Wines & Spirits (CWS) acquired fellow distributor DT Asia last month and while the news is a bit dated I thought I would post it anyway. From the press release:
“[The move] reinforces CWS position on the market, with a larger and stronger portfolio of Icon brands such as Champagne Deutz, Delas Frères from Rhône, Domaine Schlumberger from Alsace, Rocca Delle Macie from Chianti Classico, Trapiche from Argentina, KWV from South Africa, Niepoort from Portugal and many others.
“CWS Team is also becoming stronger and larger and we are happy to Welcome Francisco Henriques as our new General Manager. Francisco, with a long experience in the wine trade, and having led successfully DT Asia for several years, was our logical choice to carry further the development of CWS.
“CWS is the youngest subsidiary from the Bordeaux based group Halley Wines & Spirits (HWS) which already operates through subsidiaries in Singapore, Malaysia, Philippines, South Korea, Kazakhstan and Russia.”
CWS also carries a range of Cognac, Armagnac, Calvados, aperitif and liqueur labels from France as well as spirits from elsewhere.
(Hat tip AC)
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December 29th, 2011 @ 8:46 pm
Another wine distributor merger… Will the wine market in china always be dominated by the largest multinational corporations? Is there opportunity for the small distributor?