Peter Saunders wrote a good article in this month’s Wine Technology magazine about overseas ownership of New Zealand wine. It included the following info:
USA’s Constellation group own: Nobilo, Kim Crawford, Selaks, Drylands, Monkey Bay, Station Road, Bach 22, White Cloud. Fosters in Australia own Matua Valley, Shingle Peak and Secret Stone; France’s Louis Vuitton owns Cloudy Bay and the French also, through Pernod Ricard, own Montana, Corbans, Stoneleigh, Deutz Marlborough, Church Rd, Lindauer and Five flax. An Australian company named Yalumba own Nautilus, Twin Islands and Opawa while a Portugese outfit own Framingham wines. The Peabody family in France own Craggy Range and so the list goes on (I’ve only picked some to share with you).
I don’t know whether consumers are aware of who owns the wine they drink or whether they care. I don’t know whether folk are grateful for the involvement of foreigners or whether they resent it. Foreign investment can certainly be a saviour for wine companies – providing not just the funds for a business to grow but often also expertise and very valuable distribution channels. On the down side it means that profits often end up out of Godzone. But is this a small price to pay if it means the business thrives and New Zealanders keep jobs? Or is it selling out – do we need to have more self confidence and hold onto the reigns no matter how rough the ride may get at times? Or does it depend what country is involved – is it just too much to stomach those Aussies taking the profits? ;-) (no offence intended, our daughter was born in Alice Springs and is an Australian citizen!)
Lots of questions that I don’t have the answers to – but I’d be interested to hear your views.
Oh, and before you start wondering, no I’m not gearing up to defend a sale of Fiasco to an overseas buyer – we have no intention of doing that nor even getting big enough to be of interest to such buyers. But um, feel free to present all offers around the “Trade Me’ mark…;-)

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