The expansion of multinational companies in the wine world looks set to continue as two wine investment companies merge to form Global Wine Partners LLC.
The US-based MKF Group LLP and International Wine Consultants plan a formal launch of their new company next week. The two groups have offices in America, Australia and France.
Calling itself ‘the wine industry’s first global wine-investment bank’, Global Wine Partners LLC aim to provide high-level expertise at the business end of the vineyard.
Vic Motto, head of Global Wine Partners LLC, told Australian newspaper the Sydney Morning Herald he predicts a ‘wave of deal-making during the next few years as large wine companies seek to capture the broad market where prices can range from US$2 to US$200 a bottle.’
Written by Oliver Styles