News Briefs for April 20, 2018April 20, 2018
•France-based AdVini has acquired a majority stake in South Africa’s Stellenbosch Vineyards for an undisclosed sum. The acquisition includes the Stellenbosch Vineyards Collection, Welmoed, Arniston Bay, and Versus brands and bolsters AdVini’s presence in the premium South Africa category. AdVini, formed via the 2010 merger of Jeanjean SA and Laroche, has a portfolio including a host of French and South African wines, including Laroche, Gassier, Maison Champy, Vignobles Jeanjean, Ogier, Cazes, L’Avenir, and Ken Forrester among others. It also is partnered with Santa Carolina on Viña Casablanca in Chile. Advini had 2017 turnover of €250 million ($309m).
•With the 2018 Southern Hemisphere harvest wrapping up, South African vintners are looking at the smallest crop in 13 years. Strict water-conservation rules—a result of a multiyear drought that has recently placed the city of Cape Town in danger of literally running out of water—have meant tight limits on irrigation, dramatically impacting vineyard yields. The Cape’s large bulk-wine industry, which accounts for about 60% of South Africa’s wine exports, has been most severely affected, but boutique producers focused on high-quality wine have been impacted as well. Wine Spectator has a full report.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.