Gruppo Italiano Vini (Giv) members' assembly has approved the 2007 balance sheet, with a 294,8 million euros consolidated turnover. The 11,4 % increase is mainly dued to the recent deal made with the Bolla winery, and to the increased sales of the two main foreign subsidiaries: Frederick Wildman & Sons in New York, and Carniato Europe Group in Paris. The net result for 2007, after taxes, amounted to 2,7 million euros, almost unchanged from the previous year. The assembly then elected the 15 new Board members. Vanis Bruni, who is the current President of Consorzio Interprovinciale Vini di Modena, was appointed new Chairman of the Giv. Corrado Casoli, President of Cantine Riunite (Reggio Emilia), was confirmed vice President. Emilio Pedron retains the Giv CEO office with the same tasks and responsibilities, while Rolando Chiossi leaves the presidency after more than two decades.
We could write a fiction book about the Gruppo Italiano Vini's history. Giv has in fact suceeded in becoming a quality leader in the Italian wine industry, combining the assets of both small and large estates, and a great part of the merit must be ascribed to its CEO Emilio Pedron. Giv was born as a very particular wine group, owned by 7 big cooperatives, and now rumors are saying that something is changing. Cantine Riunite and Consorzio Interprovinciale Vini di Modena (Civ & Civ), in fact, could soon merge, and become the only two Giv owners. In a small wine world like the Italian one this operation will not pass unobsverved. We shall see...
