E&J Gallo buys Rombauer Vineyards in latest Californian deal
The deal comes two months after Gallo snapped up the Hahn Family Wines portfolio, which is centred on California’s Central Coast.
30 August 2023
30 August 2023
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The deal comes two months after Gallo snapped up the Hahn Family Wines portfolio, which is centred on California’s Central Coast.
House Of Arras “is a luxury brand that does not fit neatly with the rest of our portfolio focus areas at this time”, Accolade Wines CEO said.
Production of the Witchburn Distillery will start in the last quarter of 2024.
The Swiss-based drink and food behemoth has pulled Nesquik due to a “drop in sales” and “lower demand” for the powdered milkshake.
China saw the most applications when ranked geographically.
CEO Craig Garvin acknowledged the review had attracted “some discussion”, but was simply about exploring “new opportunities”.
The initial EU fund of €160m ($172m) has been topped by France’s Ministry of Agriculture to €200m. Paris estimates 4.4m hectoliters of wine will be destroyed.
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The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. For the most part, these sectors will not play a significant role in creating and developing AI hardware or platforms, but will instead help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.
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