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Argento, again in hands of Argentinians

September 25, 2012 by Laura Saieg | in News

The brand launched into the global market in 1999, undergoes again a process of changes. Bibendum decided to sell Argento Wine Company to an Argentine investor group. The company’s directors are Alejandro Bulgheroni and Carlos Pulenta.

Until a month ago, in April, Argento Wine Company (AWC) belonged to British firm Bibendum Wine Limited and Bodegas Esmeralda, from Argentina. However, in May, it was announced that Argento – up to that moment the result of a joint venture between both companies- was taken over by Bibendum Wine Ltd.

Nonetheless, after these changes, Bibendum decided to sell the brand to “Inversora Agroindustrial Sudamericana” (IAS), directors of which are Alejandro Bulgheroni and Carlos Pulenta. The news was spread by the English media, among them Just-drinks, which mentioned that the company owns vineyards in different places. Among them, Bodega Vistalba, in Mendoza, Bodega Garzón in Uruguay, and Renwood winery in Amador County, California.

AWC will continue to operate as it currently does, with offices in London, Mendoza, and continental Europe. In relation to this purchase, Inversora’s directors underlined that this move was an “important step” in the development of the group’s international wine business.

Source: http://www.just-drinks.com/news/inversora-buys-argento-from-bibendum_id108171.aspx

Translation: Carolina Lucesole

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