Leopard’s Leap Signs Major Chinese Deal
Leopard’s Leap Wines is set to single-handedly almost double South Africa’s wine exports to China after agreeing a major joint venture with Chinese distributor Yangzhou Perfect.
The partnership will see the producer ship almost 2.9 million bottles to China by June 2012, a significant boost to the nearly 3.9m bottles shipped by South Africa to China last year.
Leopard’s Leap holds a 49% stake in the venture, called Perfect Wines of South Africa, with the rest held by Yangzhou Perfect, a subsidiary of Perfect (China) Co.
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