Viña Concha y Toro Hit By US Weakness

Global Drinks Intel reports that Viña Concha y Toro’s first quarter sales fell 7.8% to CLP192.61bn, while quarterly wine volumes dropped 6.8%. The decline was led by the US, where sales fell 32.2% and volumes dropped 30.1%, although the company said it had made progress on premiumisation and portfolio rationalisation.