The investment fund L Catterton added its second winery in Argentina. After closing an agreement with Luigi Bosca, he now made an investment to become a partner of Susana Balbo Wines, the family business founded by Susana Balbo.
The Ministry of Economy, Infrastructure and energy put in effect the Provincial law 8523, from which they exempt from real estate taxes, stamps and gross income to the companies installed and that they develop their activities in the Mendoza TIC Technological Park . According to the text of the standard, the benefit will be granted from the issuance of the certificate and will be effective for 5 years.
Mendoza closed the first month of 2019 with a positive balance, according to the authorities of the Mendoza Tourism Agency (Emetur). The hotel occupancy reached 75% of hotel occupancy on average. In total the visit of 425,000 tourists was registered.
Bodega Luigi Bosca | Familia Arizu, one of the oldest and most renowned wineries in Argentina, today announced that it has received a significant strategic investment from the Latin American fund of L Catterton, the largest and most global consumer-focused private equity firm in the world. Through its investment, LCatterton will partner with the Arizu family to support the global growth of the winery's iconic brands and their long-term vision to expand into the most important international markets. Terms of the transaction were not disclosed.
Argentina reaches deal at G20 to export cherries to China, with pork and honey negotiations in works