Portugal’s Billionaire Mello Family Eyes Purchases to Expand Wine Business
- Mello Group wants to be one of Portugal’s top 3 wine producers
- The group has no plans to sell its 16.7% stake in Brisa
People carry harvested grapes in a vineyard in Lisbon. Portugal.
Photographer: Patricia de Melo Moreira/AFP/Getty ImagesThis article is for subscribers only.
Portugal’s Mello family is looking to purchase domestic wineries to increase its wine business as it takes advantage of a highly fragmented market in the southern European country.
The billionaire family, whose flagship brand is Ravasqueira, said on Tuesday that it had acquired the Quinta do Retiro Novo wine estate and agreed to rent the Quinta do Cotto and Paco de Teixeiro wineries in northern Portugal.