Concha y Toro is the largest producer of wines from Latin America and is one of the global leaders in its field. It is headquartered in Santiago, Chile. It comprises 8.720 ha. spread throughout Chile's major wine regions: Maipo, Maule, Rapel, Colchagua, Curico and Casablanca.The Others segment comprises of group of other products which do not qualify with 10% of sales, assets or operating result as the liquor distribution and premium beers in Chile, wine bar, tours in Pirque and sale of fruit, among others.
The Concha y Toro Vineyard was founded by Don Melchor de Santiago Concha y Toro and his wife, Emiliana Subercaseaux, in 1883.
To start the winery, he brought grape varieties from the Bordeaux region in France.
The grapes that he brought were: Cabernet Sauvignon, Sauvignon blanc, Semillon, Merlot, and Carmenère. The vineyard was incorporated as a stock company in 1923 and shares were sold in the Santiago stock market.
Concha y Toro began exporting wine in March 1933 to the port of Rotterdam, Holland. 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 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.
Source: Reuters
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