RE: The Bulls Are Heading Towards Higher HighsLWSP has witnessed an opportunity that is of extraordinary proportion, to which they are currently ready to begin establishing a strong presence in the Chinese wine sector.
And they'rer off to a fine start...
Legacy Wine and Spirits International Ltd. reported that the Company forged an alliance with Bronco Wine Company, the single largest private grape grower in the world with ownership of 17,000 hectares of wine grapes and five Californian wineries. Legacy is importing 75 ml bottled wines in several varietals of Bronco Winery's Hacienda Cellars Brand from Sonoma County, California.
LWSP is anticipating to penetrate into several of the key areas in China -- Beijing, Shanghai and Guangzhou, which have been regarded as having the highest concentration of imported wine produced, priced at the higher end of the market.