Concha y Toro

Last updated

Viña Concha y Toro S.A.
Company type Sociedad Anónima
BCS: CONCHATORO
IndustryBeverage
Founded1883 (140–141 years ago)
Headquarters Santiago, Chile
Key people
Alfonso Larraín Santa Maria (Chairman)
Eduardo Guilisasti Gana (CEO)
Don Melchor de Santiago Concha y Toro (Creator)
ProductsWine
RevenueIncrease2.svg US$ 965.68 million (2017)
Increase2.svg US$ 74.36 million (2017)
Number of employees
3,596
Website conchaytoro.com

Concha y Toro is the largest producer and exporter of wines from Latin America and one of the ten largest wine companies in the world, [1] with more than 33 million cases sold per year in 2014, [2] distributed in 135 countries. [3] Concha y Toro Winery is located in Santiago de Chile, but the company has vineyards in Chile, Argentina and the United States, with more than 10,000 hectares under cultivation in 2016. Their Casillero del Diablo and Don Melchor wines have international recognition. As of 2010 the company is one of the official sponsors of the English football club Manchester United F. C. [4]

Contents

History

19th century

Concha y Toro House, in Pirque. Vina Concha y Toro - Pirque.JPG
Concha y Toro House, in Pirque.

The Concha y Toro Vineyard was founded by Don Melchor de Santiago Concha y Toro, ex-Minister of Finance, and his wife, Emiliana Subercaseaux, in 1883. [5] To start the winery, he brought grape varieties from the Bordeaux region in France: Cabernet Sauvignon, Sauvignon Blanc, Semillon, Merlot, and Carménère.

Concha y Toro's connections to Chilean nobility and aristocracy are not merely historical. Currently the Viña Concha y Toro continues in the sphere of the Marquesado de Casa Concha, and is additionally controlled by the Guilisasti and Larraín families. The directors currently include the present Marquess of Casa Concha, Chilean diplomat and ambassador Mariano Fontecilla de Santiago-Concha, great-grandson of the founder. [6] In 1999, the company's president Alfonso Larraín Santa María claimed the title of Marquess of Larraín in Spain. His mother, the current Marchioness, gave Larraín the power to claim the title. [7]

Vineyards and factories of Concha y Toro in Pirque, Santiago Metropolitan Region, are connected by roads with names such as Marqués de Casa Concha or Conde de la Conquista, titles connected to the history of the company.

Nobility connections

20th century: expansion

The vineyard was incorporated as a stock company in 1923 and shares continue to be sold in the Santiago Stock Exchange. [5] Concha y Toro began exporting wine in March 1933 to the port of Rotterdam, the Netherlands. In 1950, the winery began to acquire more vineyards and also began the process of adapting its business to new markets and meeting a higher demand.

In 1966, the Casillero del Diablo brand, the company's hallmark, was inaugurated, and in 1987 the company's first ultra-premium wine, Don Melchor, was launched. [5] In the late 1960s the company began to expand: Viña Maipo was acquired in 1968; Viña Cono Sur created in 1993; Trivento Bodegas in Argentina founded in 1996; a joint venture with Château Mouton Rothschild for the production of Viña Almaviva began in 1997, among others. [5]

In 1971, Eduardo Guilisasti Tagle became chairman of the board, who succeeded in expanding the company. In 1987, after partnering with U.S. importer Banfi Vintners, the company started to incorporate more advanced technology in all of its production stages. It also started using small French oak barriques. In 1994, shares of Viña Concha started trading on the New York Stock Exchange, [5] until his cessation in 2018. [8]

21st century: globalization

At the beginning of the 21st century, the company internationalized operations: in 2001 opened a trade, logistics and distribution office in United Kingdom, and then offices in other 11 countries: Brazil, Canada, China, United States, Finland, Japan, Mexico, Norway, Singapore, South Africa and Sweden, which would join the existing offices in Chile and Argentina. [9] In 2010 a sponsorship agreement was signed with the English club Manchester United F.C. In this respect, Manchester United 2020 sponsorship director, Sean Jefferson, said: "Manchester United's relationship with Casillero del Diablo has been one of the most extensive and successful partnerships we ever had. The synergy between the two brands have led to a natural alliance", especially due to equivalence of their symbols and distinctive seals. [4]

In 2011 Concha y Toro bought in United States Fetzer Vineyards, for a value of US$238 million. [10] The transaction included the buy of various Fetzer subsidiaries vineyards, such as Bonterra Vineyards, Five River Wines, Bel Arbor Winery, Jekel Vineyards, and Little Black Dress Wines, which became property of Concha y Toro. [11]

More recently Concha y Toro has advertising campaigns in Discovery Channel, and subsidiary Trivento Vineyards is sponsorship in the Major League Soccer, and has reached sponsorship agreements with football club Inter Miami CF. [12]

Grape varieties

Concha y Toro produces several varietals:

Filial vineyards

Dependents and filial vineyards
Chile
  • Multiple valleys:
    • Viña Maipo, acquired in 1968. [5]
    • Viña Cono Sur, founded in 1993. [5]
  • Maipo Valley:
    • Viña Don Melchor.
    • Viña Almaviva, founded in 1997. [5]
    • Viña Pirque.
    • Viña Santa Isabel.
    • Viña El Mariscal.
    • Viña San Adolfo.
    • Viña Lo Mackenna.
  • Maule Valley:
    • Viña Rauco.
    • Viña Lontué.
    • Viña San Clemente.
    • Viña Curicó.
  • Cachapoal Valley:
    • Viña Casillero del Diablo.
    • Viña Peumo.
    • Viña Rucahue.
    • Viña Idahue.
    • Viña Las Pataguas.
    • Viña Ucúquer.
  • Colchagua Valley:
    • Viña Palo Santo.
    • Viña La Puerta.
    • Viña Las Mercedes.
    • Viña Chomedahue.
    • Viña Agua Santa.
    • Viña El Estero.
  • Casablanca Valley:
    • Viña El Triángulo.
    • Viña Lo Ovalle.
    • Viña Los Perales.
  • Curicó Valley:
    • Viña Rauco.
    • Viña San Ignacio.
    • Viña San Manuel.
    • Viña Yungay.
  • Limarí Valley:
    • Maycas del Limarí, acquired in 2005. [5]
    • Viña Nueva Aurora.
    • Viña Los Acacios.
    • Viña San Julián.
    • Viña El Trapiche Limarí.
    • Viña Lachica.
Argentina
  • Mendoza:
    • Viña Trivento, founded in 1996. [5]
    • Finca La Chamiza, founded in 2003. [13]
United States
  • California:
    • Fetzer Vineyards, acquired in 2011. [10]
    • Bonterra Vineyards, acquired in 2011. [11]
    • Five River Wines, acquired in 2011. [11]
    • Bel Arbor Winery, acquired in 2011. [11]
    • Jekel Vineyards, acquired in 2011. [11]
    • Coldwater Creek Wines.
    • Sanctuary Wines.
    • Little Black Dress Wines, acquired in 2011. [11]

Logistics centers

Commercial offices and logistics centers [9]
The Americas
  • Chile: VCT Chile.
  • Argentina: Trivento Bodegas y Viñedos.
  • Brazil: VCT Brazil.
  • Canada: Concha y Toro Canada.
  • United States: Excelsior Wines.
  • Mexico: VCT & DG México.
Europe
  • Finland: VCT Finland.
  • Norway: VCT Norway.
  • Sweden: VCT Sweden.
  • United Kingdom: Concha y Toro UK.
Africa y Middle East
  • South Africa: VCT Africa & Middle East.
Asia
  • China: Gan Lu Wine Trading.
  • Japan: VCT Japan.
  • Singapore: VCT Asia.

Trademarks

Trademarks
  • Casillero del Diablo.
  • Don Melchor.
  • Amelia.
  • Carmín de Peumo.
  • Frontera.
  • Gran Reserva Serie Riberas.
  • Gravas del Biobío.
  • Gravas del Maipo.
  • Marqués de Casa Concha.
  • Sunrise.
  • Terrunyo.
  • Trío.
Casillero del Diablo wine.jpg
Image: Casillero del Diablo, one of the main brands of Concha y Toro.

Awards and honours

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References

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