Sept. 28 - Pernod Ricard and Sogrape are pleased to announce that, subject to New Zealand Overseas Investment Office approval, Pernod Ricard's Framingham wine brand, winery and Marlborough vineyards will be sold to Sogrape, the family-owned international quality wine company based in Oporto in northern Portugal.
Sogrape owns the famous Portuguese rosé wine brand Mateus and well known Porto brands Sandeman, Ferreira and Offley. The company also has significant wine interests in Spain with Sandeman Jerez and in Argentina with Finca Flichman.
Framingham, a premium Marlborough wine brand launched in 1994, was purchased by Pernod Ricard in early 2004, prior to the Allied Domecq acquisition. Under the proposed arrangements with Sogrape, Pernod Ricard will retain the distribution rights for Framingham in Australia and New Zealand.