United Spirits sells Bengaluru-based Four Seasons Wines
United Spirits sells Bengaluru-based Four Seasons Wines

United Spirits Limited (USL), India’s biggest liquor maker and a unit of British spirits maker Diageo Plc, has sold its Bengaluru-based subsidiary Four Seasons Wines Ltd to Grover Zampa Vineyards Ltd and Quintela Assets Ltd. The wine unit has been sold for Rs 31.86 crore.

United Spirits Limited said in a regulatory filing, "The company has entered an agreement for the sale of all the equity shares held by the company constituting 100 per cent of the paid up equity share capital of its wholly-owned subsidiary, Four Seasons Wines (FSWL), along with the brands." 

Sanjeev Churiwala, Executive Director and Chief Financial Officer, Diageo India, stated, "This deal brings us a step closer to the structural rationalisation and simplification of our India business."

"The Four Seasons Wines business is a niche but a small part of the overall Diageo India portfolio and the sale will enable us to focus on our premiumisation strategy and grow our core spirits business in India," he added.

Established in 2006, Four Seasons Wines produces red, white and rose wines from grapes grown around Sahyadri valley in Maharashtra under brands Four Seasons and Zinzi.

 
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