Latest news with #PasquaWines
Yahoo
09-07-2025
- Business
- Yahoo
Pasqua Wines invests in Charles Smith wine brand alongside distribution deal
Italian winery Pasqua Wines has acquired a minority stake in a wine brand from US-winemaker Charles Smith's House of Smith, and signed an international distribution deal with the vintner. In a statement, Pasqua Wines said it will distribute House of Smith's K Vintners, Real Wine and Sex wine brands across global markets from September. Pasqua is to take up to a 20% stake in the Real Wine brand, tied to "performance and growth targets", a joint statement said. Charles Smith, founder of the US wine group of the same name, said the partnership gives his company 'access to an international network that will allow us to share the story of our wines, rooted in place, purpose, and passion, with more people than ever before'. Details of the prospective markets where Pasqua will manage distribution for Charles Smith's three wine brands are not being disclosed for now. The US market however will not be included in the agreement, with Charles Smith already having distribution here, Pasqua Wines CEO Riccardo Pasqua told Just Drinks. Pasqua sells its wines, which include the 11 Minutes and Hey French labels, to over 70 countries worldwide, including Scandinavia, Dubai, Australia and South America. Riccardo added: "Although Charles Smith's wines have been available in various markets, their international reach has not been as extensive or fully developed as the network Pasqua can provide." In its most recent results, Pasqua reported a consolidated turnover of €63.5m ($74.36m), growing 6% year-on-year. This was fuelled by performance in the US which makes up a third of the company's exports. Reflecting on the Real Wine stake, Pasqua said both wine businesses had formed a 'deeper alliance, not just a commercial partnership,' he said. He added: 'To underscore their long-term commitment, Pasqua becomes a minority partner in Real Wine, reflecting their intent to go beyond distribution into genuine partnership based on shared growth." When asked about its distribution strategy for the Charles Smith wines, Pasqua said the winery is looking to develop a 'tailor-made strategy for each market' and is 'evaluating both the on‑trade and off‑trade channels according to the segment of Charles Smith's portfolio selected for that specific territory". Charles Smith used to own a clutch of wine brands under the Charles Smith Wines title. These were sold to Constellation Brands in 2016, and eventually sold to The Wine Group in 2022. Ackley Brands acquired the business last year. The deal included the brands Band of Roses, Kung Fu Girl, Eve, Chateau Smith, The Velvet Devil and Boom Boom. Charles Smith renamed his wine company House of Smith in 2021. "Pasqua Wines invests in Charles Smith wine brand alongside distribution deal " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
08-07-2025
- Business
- Yahoo
Charles Smith Chooses Pasqua Wines for Exclusive International Distribution
Pasqua Wines Becomes Minority Partner in 'Real Wine',Ushering in a New Era for Two Forward-Thinking Brands VERONA, Italy, July 8, 2025 /PRNewswire/ -- In a milestone centennial year, iconic Italian winery Pasqua Wines, proud ambassador of Amarone della Valpolicella and Veneto wines, has been chosen by renowned and trailblazing Washington State winemaker Charles Smith as the exclusive international distributor for a selection of wines from the acclaimed House of Smith portfolio. Pasqua Wines will enter as a minority partner in the Real Wine brand, acquiring up to 20% ownership based on performance and growth targets, demonstrating a deeper commitment beyond distribution and underscoring a shared vision for expansion and growth. The Veronese winery will distribute K Vintners, Real Wine, and Sex wines in select international markets, complementing their strong, existing U.S. distribution. The union brings together two pioneering wine innovators with shared values and a groundbreaking attitude, providing House of Smith's portfolio access to Pasqua's global distribution network. The partnership, effective as of today, will see Pasqua Wines take on international distribution of the House of Smith portfolio starting in September 2025. Known for their artisanal, low-intervention approach, sustainable farming, and eye-catching visual identity, the House of Smith wines perfectly complement Pasqua's dedication to authenticity and cutting-edge strategy. Together, this portfolio offers modern wine lovers around the world a compelling and approachable selection that bridges heritage with unconventional new expressions. "This represents more than a distribution agreement - it's a true meeting of minds," said Riccardo Pasqua, CEO of Pasqua Wines. Charles's fearless and distinctive voice in winemaking has always inspired me and resonates deeply with my family's winery philosophy. Together, we're committed to bringing that vibrant energy and excellence to wine lovers around the world." Charles Smith, Founder and Winemaker, echoed the sentiment: "Partnering with Pasqua Wines, a shining star of Italian wine with over 100 years of legacy, is a tremendous opportunity. This partnership gives us access to an international network that will allow us to share the story of our wines, rooted in place, purpose, and passion, with more people than ever before." As Pasqua Wines celebrates a century of history, this alliance underscores its continued dedication to innovation, global collaboration, and shaping the next era of the international wine scene. PASQUA VIGNETI E CANTINE is a Veneto wine company, owned by the Pasqua family. Founded in 1925, the winery is recognized worldwide as a producer and ambassador of prestigious Veneto wines. The company's ambition is to bring into the future, with renewed stylistic codes, all the winemaking experience consolidated over 100 years of history. Today, working alongside President Umberto are his sons Riccardo, Chief Executive Officer, and Alessandro, President of Pasqua USA. With the presentation of the Pasqua House of the Unconventional manifesto, today the company aims to be a research laboratory, a space for dialogue, where quality and creativity are the protagonists. HOUSE of SMITH, a Washington state wine company founded in 1999, is owned by visionary winemaker Charles Smith. From 330 cases of 1999 K Syrah sold out of his 1987 Astro van, Charles Smith has created brands (House Wine, Kung Fu Girl, Wines of Substance) that have sold more bottles of Washington wine than anyone else in the history of Washington state, other than Chateau Ste. Michelle. HOS is one of North America's most recognized producers, earning over 325 scores of 95 points-and-above and over 1,450 scores of 90 points-and-above. House of Smith has a mission for meeting the moment and making wine for the people. For more information:Press Office - Pasqua Vigneti e CantinePh. 045 8432111press@ View original content to download multimedia: SOURCE Pasqua Wines
