Anna Gorkun, the founder of the premium Ukrainian wine brand 46 Parallel, has signed the first M&A agreement in the Ukrainian wine industry in the last 15 years and attracted an investor – the international group of companies Vinos de La Luz, which is known for its wineries in the USA, Argentina, Spain and Italy.
“A little less than a month ago we signed an agreement under which all 100% passed to the new owners – Vinos de La Luz, a group of companies that owns production facilities in the USA, Argentina, Spain and Italy. This is a significant event not only for the company itself, but also for the Ukrainian economy as a whole. The very fact that during the war a foreign investor acquires Ukrainian business and intends to develop it exactly in Ukraine, with a Ukrainian team and supporting the philosophy of the brand to remain Proudly Ukrainian is a victory and a huge achievement,” Gorkun wrote on Facebook.
She noted that thanks to the agreement, the trademarks of 46 Parallel Wine Group (in particular, Grand Admiral, El Capitan and Apostrophe) are now part of the global portfolio of Vinos de La Luz, which has more than 100 years of history of wine production.
46 Parallel Wine Group is incorporated in 2019 in Kiev. Under Gorkun’s leadership, the company’s wines have won more than 115 medals at reputable international and national competitions. The company also represents Ukraine on the world stage, in particular at the Wine Museum in Bordeaux (France). At the time of signing the agreement, the company’s products were represented on the markets of Ukraine and Japan.
According to Opendatabot, the company’s revenue in 2023 amounted to UAH 5.473 million, which is 1.8 times less than in 2022 and 3.4 times less than pre-war 2021. Net loss in 2023 amounted to UAH 698.3 thousand compared to UAH 2.64 million net profit in 2022. The company’s assets in 2023 decreased by 23.3% to UAH 9.464 mln, and debt obligations by 33.3% to UAH 4.35 mln. The authorized capital is UAH 845 thousand.
The beneficiary of the company since December 2014 is Natalia Burlachenko through Big Wines LLC, which owns 100% of shares of Parallel Wine Group LLC 46.
Vinos de La Luz is an international group of companies with its own wineries in the United States, Argentina, Spain and Italy, with more than a century of experience in winemaking. The group actively develops wine brands of different origins and is present in numerous global markets.
The 46 Parallel wines were awarded gold and silver medals at the Concours Mondial de Bruxelles international competition and recognized as one of the best among 10,000 wines from 50 countries.
46 Parallel Wine Group is the only Ukrainian company that won gold in the blind tastings of one of the most prestigious contests, Concours Mondial de Bruxelles, which took place in Luxemburg on June 17-27. This is a success not only for the company, which in a year and a half of its existence has received 50 medals at international and Ukrainian competitions, but also for the entire wine industry of Ukraine. With their victory, the winemakers have once again confirmed: domestic wines deserve to be on the same list with the best wines in the world, as well as become the country’s hallmark on the international arena.
Recognition of the experts at Concours Mondial de Bruxelles 2021 was awarded to the wines from the author’s collection Grand Admiral and El Capitan.
The gold of the competition was awarded to the proprietor’s premium vintage dry red wine Grand Admiral Merlot-Cabernet Sauvignon.
The silver in Luxembourg was awarded to the vintage dry red wine Grand Admiral Merlot. This wine conquered experts from all over the world and received six awards from Ukrainian and international competitions, and also received positive reviews from the uncompromising consultant to Her Majesty The Queen of Great Britain, Jancis Robinson.
The silver medal of Concours Mondial de Bruxelles 2021 in the legacy of 46 Parallel Wine Group was brought by the sparkling wine El Capitan Brut from the exquisite collection of light premium wines El Capitan.
All wines that are submitted to the competition go through several stages of selection and thorough examination. This year, they were assessed by 60 commissions of tasters – a total of 250 world-class professionals with tremendous experience of participating in blind tastings.
“We are proud that our wines are included in the list of the best wines in the world. The medals of the competition and the recognition of experts who noted the exceptional quality of our wines not only give an objective and impartial expert assessment, but also inspire us to the creation of premium wines, which will open Ukraine to the world,” Anna Gorkun, CEO and founder of 46 Parallel Wine Group, says.
INFORMATION ABOUT THE COMPETITION:
Concours Mondial de Bruxelles is one of the most prestigious international wine competitions that brings together the key industry players from all over the world, and wine producers from the four continents listen to its experts. The most prestigious awards are given here. And all for the sake of one thing – striving for high quality. Thanks to this, the competition has earned a reputation as the most professional and has long become a consumer’s guide in the world of high-quality winemaking. The first wine “world championship” Concours Mondial de Bruxelles was held in 1994. Then, in just two months, 869 brands from 29 countries were collected at a tasting in Bruges. But despite its original Brussels origin, since 2006, Concours Mondial de Bruxelles has been held in various wine regions in Europe in an outreach format.
INFORMATION ABOUT THE COMPANY:
46 Parallel Wine Group is a Ukrainian company that creates wines of high European quality, worthy of being a visiting card of Ukraine on the world markets. The wines are produced exclusively from Ukrainian grapes, which are grown on the 46th parallel – in Kherson, Mykolaiv and Odesa regions. The company is represented by two brands: 46 Parallel and Apostrophe. Today the company is introducing a trend for high-quality Ukrainian wine, as evidenced by its digital orientation, expansion of export potential and recognition of world experts. Over a year and a half of its existence, 46 Parallel Wine Group has won almost 50 awards at domestic and international tasting competitions, including awards from the USA Wine Ratings, the Grand Gold Medal of Sélections Mondiales des Vins Canada, London Wine Competition 2021. The company’s wines are the winners of the All-Ukrainian tasting competitions: Odessa Wine & Spirit Awards 2021, the Wine Guide of Ukraine, Ukrainian Wine & Spirits Awards and others, and the El Capitan Rose wine is recognized as the best rose wine of Ukraine. All brands of the company are united by the slogan “Proudly Ukrainian,” which means we are proud of the quality and Ukrainian origin of our wines.
The company’s export markets are Canada, Nigeria, China, and the United Kingdom.
Details about the wines at the link:
Additional information:
Ischenko Olena,
PR manager of 46 Parallel Wine Group
Contact phone:
+380 50 315 76 10
e-mail: eischenko@46parallel.wine
https://46parallel.wine/shop/
