Winebusiness.com - Homepage for the Wine Industry

KKR Wants To Drink Up Troubled Winemaker For Outrageous $3.1 Billion

August 06, 2014

Wine is wonderful to drink but wine-making companies have been such lousy investments for so long that most sideline observers are wondering what prompted buy-out specialists KKR and Rhone Capital to offer what looks to be an outrageously generous $3.1 billion for troubled Australian-based winemaker, Treasury Wine Estates.