Australia’s International Wine Investment Fund, which has received tumultuous publicity following the extremely profitable sale of its shares in BRL Hardy and through the attempts of convicted insider trader Rene Rivkin to have the fund dissolved after this sale, has declared its intent to build a A$1 billion wine company within a decade. Its friends at Constellation Brands, the buyers of BRL Hardy, have taken a cosy 15.4% stake, making it the third-largest stakeholder in the fund. This story, I feel, is about to become interesting.
