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FnB| UB Group launches Bouchard wines in India

Vijay Mallya-promoted UB Group on Friday announced the launch of Bouchard Aine and Fils selection of wines in the country.

Bouchard Aine and Fil wines are produced by Bosset group, which is based in the Burgundy region of France.

The wines will be made available through UB's wine subsidiary, United Vintners Limited (UVL), UB Group said in a release.

"We are proud to be associated with Bouchard Aine & Fils and offer Indian wine lovers an exquisite range of Burgundy wines. These wines are a crucial supplement to our already healthy portfolio of wines from New Zealand, Australia, Loire Valley, South Africa, Portugal and of course India," UVL Business Head and Chief Wine-Maker Abhay Kewadkar said.

These wines would be available in all metros across the country in a price range of Rs 750-5000.

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NEWS| Phoenix to invest Rs 450 cr in hospitality, ZURI will be the brand.

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Bangalore-based hospitality firm Phoenix Group Global on Friday said it has earmarked an investment of Rs 450 crore to build its branded luxury hotels and resorts.

The first 5-star hotel under the Zuri brand will come up in Bangalore, in January 2009.

Terming it as a natural progression for the company to launch their own brand, Abhishek Kamani, director, Phoenix Group Global said that their contract with Carlson Hotels is due for a review early next year. “We will take a call on whether to continue with the agreement or adopt the Zuri brand for our existing properties depending on how the talks progress with Carlson,” said Kamani. Phoenix is keen on promoting its own brand.

However, its two international hotels will come under the Zuri fold in three months. The company’s first hotel under the new brand name - Zuri Whitefield in Bangalore has seen an investment of Rs 200 crore. Phoenix is also investing Rs 100 in another luxury hotel in Devanahalli, Bangalore.

The company is targeting Rs 60 crore of revenues from its first hotel and currently gets around Rs 90 crore each from its Indian and international hospitality operations.

source| financialexpress

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