Altria Group plans to sell wine business for 1.2 billion dollars
Altria Group Inc wants to sell its Ste. Michelle Wine Estates business to private equity firm Sycamore Partners for USD 1.2 billion, because the tobacco company seeks to concentrate its business on cigarette alternatives for smokers. The deal is expected to be completed in the second half of 2021.
Related news
A promising wine from the Balaton Uplands
Amid climate change and stricter plant protection regulations, more and…
Read more >
The 44th National Wine Competition opens on May 13 – Minister of Agriculture Dr. István Nagy to serve as Patron-in-Chief
The National Council of Wine Communities (HNT) will host the…
Read more >
Portugieser Summit: The anniversary winners are here
On April 23, the 10th edition of the international competition…
Read more >
More related news >
Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >
More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >
Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >
