KWV Holdings

The following parts of this article appear since 2010 is out of date to be : history, structure, share holders. It lacks the sale to Niveus / HCI (Hosken Consolidated Investments) and 2016 Vasari (Vivian Imerman)
Please help with to the missing information research and insert .

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Entrance gate of the KWV headquarters

KWV Holdings (formerly Ko-operatiewe Wijnbouwers Vereniging van Zuid-Afrika Bpkt , meaning: Winzergenossenschaft von South Africa ) is a group of companies for the production and marketing of branded wines and branded spirits, especially brandy . Its headquarters are in Paarl in the Western Cape Province .

history

The KWV was founded in 1918 on the initiative of Charles Kohler to bundle marketing efforts, regulate production and thus help winemakers to earn a secure income. Almost all winemakers on the Cape quickly joined, creating the largest winemaker's cooperative in the world. Minimum prices and harvest quantities were anchored in law. In order to regulate the overproduction, the surplus was used to make brandy.

In 1997 the cooperative was transformed into a group of companies and the winemakers became shareholders. However, the KWV still regulates and controls large parts of the South African wine market. To this day it is the largest producer of brandy in the country. KWV's Worcester distillery and winery is one of the largest in the world. Your visit will also be used for tourist programs. The KWV wine-growing region extends around Stellenbosch .

Between 2007 and 2009, the structure of the group was simplified, sales reorganized and all unprofitable subsidiaries sold. The German sales partner Eggers & Franke merged with A. Racke GmbH & Co. KG, creating the largest German liquor distributor, which has since been sold again. In 2009 the stake in the South African Distell Group was sold.

The KWV Group achieved sales of almost 729 million rand in the 2010 financial year (ended June 30, 2010) .

Structure of the KWV Group

One of the KWV buildings at the Paarl headquarters

The group is led by KWV Holdings Limited. It has three 100% subsidiaries: KWV International (Pty) Ltd, KWV South Africa (Pty) Ltd and KWV Intellectual Property (Pty) Ltd. KWV South Africa holds 50% in the vine breeding company Vititec (Pty) Ltd and 28% in the bottling company Paarl Valley Bottling Company (Pty) Ltd.

Shareholder

(As of June 30, 2010)

• 25.1%: according to the Broad-Based Black Economic Empowerment Act (B-BBEE), a law of the South African government to promote and increase the inclusion of non-European populations in companies, thereof
  • 6.8%: KWV Employee Empowerment Trust (employee trust)
  • 18.3%: Withmore 1 Investments (Pty) Ltd (formerly Phetogo consortium)
• 35.1%: Zeder Investments Limited, a participation of the South African investment group PSG Group
• 0.7%: own shares via KWV SA (Pty) Ltd
• 2.5%: management
• 36.6%: others

In October 2010 negotiations were announced for the takeover of KWV by the South African food and beverage company Pioneer Foods . Since some KWV shareholders were not satisfied with the price offered, Pioneer Foods withdrew the offer in early February 2011.

See also

• Viticulture in South Africa

Web links

Commons : KWV  - collection of images, videos and audio files

• KWV website

Individual evidence

1. ^ KWV Corp .: KWV: Our History . on www.kwv.co.za (English)
2. ↑ PDF at www.kwv.co.za