Bodegas Rey Fernando de Castilla has won a
Wines of Spain award
for the best dry fortified wine. Their Fernando de Castilla Classic Manzanilla
is the wine in question. Over 700 wines were tasted in various categories by a
panel headed by Tim Atkin MW.
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| The Bulls at Osborne's brandy bodegas (foto Cadiz Turismo) |
Bodegas Osborne has signed a deal with the
Chinese company Fosun
by which the leading private industrial conglomerate takes 20% of Osborne in
the form of new capital. The aim is to fund growth as well as to give Osborne a
foothold in China, and makes Fosun the Sherry firm’s largest foreign investor.
This follows two other Jerez/Asian deals: Gonzalez Byass’ alliance with the
Filipino Emperador Distillers and Suntory of Japan now owns Beam Global, owners
of Domecq.
The Osborne
family still own 80% of their firm’s shares, and this new investment will help
with growth and the purchase of new spirits brands as well as reinforce the Puerto
de Santa Maria firm’s brands in China. It is a strategic market with annual
growth potential of 20% in imported premium brands, making Fosun an excellent
ally. Three quarters of Osborne’s business is wine and spirits, while one
quarter is the 5J Iberico pork business.
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