Italy wine group Argea to buy US importer WinesU
Last year, the US accounted for more than 30% of Argea’s exports, the company said.
26 February 2025
26 February 2025
Last year, the US accounted for more than 30% of Argea’s exports, the company said.
Pressure is on for incoming CEO Fernando Fernandez as Unilever chairman Ian Meakins demands more “urgency”.
The 7Up maker recorded a $718m non-cash impairment in goodwill and “intangible brand assets”.
However, the sales performance of organic beer, wine and spirits was mixed, the data showed.
CEO Craig Garvin said the Poco Vino range is "the most exciting launch" in the company's "history".
The capital injection will drive the group’s “organic growth” and “acquisition strategy in the mineral water sector”, a statement read.
“Consumers are not trading up as they consume less,” the industry trade group said.
As drinks brands work to cut emissions, glass has felt the heat, with interest rising in
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.