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2 clusters · 5 sources · 7 days · First seen · Last updated

Muriel Wines acquisition of Marqués de la Concordia

Overview

Muriel Wines has acquired the Marqués de la Concordia brand and its associated trademarks through a public online auction conducted by IAG Auction. The sale was part of a liquidation process involving Federico Paternina, Lagunilla, and other entities.

The acquisition follows a period of financial instability for the Marqués de la Concordia Family of Wines, which faced debts totaling approximately 60 million euros. This insolvency was attributed to management issues and the impact of the pandemic.

Muriel Wines, a family-owned group managing eight wineries, intends to preserve the independent identity of the Marqués de la Concordia brand while utilizing its scale to address rising industry costs and changing consumer habits. The move aligns with Muriel Wines' expansion strategy, following a 9.75% increase in turnover for the 2026 fiscal year.

Entities

Muriel Wines · Marqués de la Concordia · Javier Murúa · IAG Auction · Rioja

Timeline

  1. 11 days ago

    [BUSINESS] 2 sources
    Muriel Wines acquires historic Marqués de la Concordia

    Muriel Wines has acquired the historic Rioja brand Marqués de la Concordia via public auction following the latter's insolvency and liquidation process.

  2. 18 days ago

    [BUSINESS] 3 sources
    Muriel Wines acquires Marqués de la Concordia brand

    Muriel Wines has acquired the Marqués de la Concordia brand via public auction to strengthen its international portfolio and diversify its wine offerings across more than 50 countries.

Sources

capital.es · directoalpaladar.com · expansion.com · revistaadega.uol.com.br · tecnovino.com