Chinese Food Giant Diversifies into Wine
June 27
10:08
2012
Bright Food, one of China’s largest food groups, is diversifying into the wine sector by acquiring a 70% stake in Diva Bordeaux for an undisclosed sum. The move is in line with the Chinese group’s strategy of developing globally.
Bright Food recently acquired 60% of Weetabix Food Company, the second largest branded manufacturer by value of ready-to-eat cereals and cereal bars in theUK, from private equity firm Lion Capital for an enterprise value of £1.2 billion.
