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October 2000
Godzilla Revisited
Beringer Falls As Global Consolidation Kicks into High Gear
by David A. Goldman
Wine stocks were on an upswing during the past month, and have found further impetus in the wake of Beringer's takeover by Fosters, the Australian beer and wine behemoth. The Beringer deal cannot be viewed as an isolated event, because consolidation of the industry has hit a fevered pitch this year, as such well-known names as Sebastiani, Arrowood, and RH Phillips are added to the list of those acquired or about to be acquired. Indeed, the risk is in viewing the current wave as an isolated event...
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