Bodegas Torres announces exit from Indian market
Bodegas Torres anuncia su salida del mercado indio
A Bodegas Torres anuncia sua saída do mercado indiano
Intel ID : 237849
| Synopsis |
|
Bodegas Torres, a Spanish wine production company, decided to exit the Indian market, after great losses due to high taxes and country's complicated legislation, as published by newspaper Expansión on 17 June 2016, citing its president, Miguel Agustín Torres. However, Miguel Agustín Torres said, at business forum XXVII Encuentro Empresarial in the Pyrenees that the comapny will continue in Brazil, despite the losses of approximately EUR 2m, registered until now.
(content in spanish)
Bodegas Torres, compañía vinícola española, ha decidido abandonar el mercado indio, tras acumular grandes pérdidas debido a los elevados impuestos y a la complicada normativa del país, según ha informado el diario Expansión el 17 de junio de 2016, basándose en declaraciones de Miguel Agustín Torres, presidente de la compañía. No obstante, Miguel Agustín Torres ha indicado, en el XXVII Encuentro Empresarial en el Pirineo, que la empresa mantiene su apuesta por Brasil, a pesar de que ha perdido hasta ahora unos EUR 2m en este país.
(content in portuguese)
A Bodegas Torres, empresa vinícola espanhola, decidiu abandonar o mercado indiano, após acumular grandes perdas devido aos elevados impostos e a complicada normativa do país, segundo publicou o jornal Expansión no dia 17 de junho de 2016, baseando-se em declarações de Miguel Agustín Torres, presidente da companhia. No entanto, Miguel Agustín Torres disse, no XXVII Encontro Empresarial nos Pirineus, que a empresa mantêm sua aposta no Brasil, apesar de ter perdido até o momento, aproximadamente EUR 2m no país. |
| Intel ID | 237849 | |
| Value | ND | |
| Native Currency | Euro (EUR) | |
|
Financial Data - Bodegas Torres
(31 Dec 2013) |
Revenue: - EBITDA: - Net Debt: - |
|
| Date |
 |
|
| Country |  |
|
| Region | ||
| Continent | |
|
| Geography | |
|
| Subsector (Old TTR Sectors) |
|
|
| Type |
|
|
| Intel Grade |
|
|
| Source |
|
|
| Tags | |
Seller
| Name |
|
||
| Subsector (Old TTR Sectors) |
|
||
| Primary Sector (TTRSC) |
25.03.03 Real Estate Services 25 Financial Services / 25.03 Real Estate |
||
| Country |
|
||
| Website |
|
||
| Description |
|
Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.