ASC Fine Wines Officially Returns to Family Ownership

ASC Fine Wines officially returns to family ownership

Don St. Pierre Jr., Monica Xu St. Pierre and Nori Otsuka, chairman of Suntory.The St. Pierre family founded ASC Fine Wines in 1996, and it grew into one of China’s largest wine importers. Suntory purchased the company 15 years ago, but the founders have now completed a deal to buy ASC Fine Wines back from the Japanese group. The long-anticipated deal was finalised on 2 June after both parties formally signed the share purchase documents. Don St.…

With Ownership Restored, ASC Fine Wines Unveils Bold Overhaul

China’s leading wine importer ASC Fine Wines has launched a sweeping strategic overhaul, introducing a direct-to-consumer membership club, custom brand solutions, and a dedicated logistics partnership, as the company returns to the control of its founding St. Pierre family following a completed share transfer from Japan’s Suntory Group. Read More The post With Ownership Restored, ASC Fine Wines Unveils Bold Overhaul appeared first on Vino Joy Ne…