Hamburg, 7 September 2007. The wine trading group Hawesko Holding AG (HAW GR, HAWG.DE, DE0006042708) has announced that the test of wine stores begun in September 2006 under the name of "multiwein" will be ended. This retailing concept with wines mainly in the price range of Euro 2.50 to Euro 4.00 per bottle did not meet expectations. As a result, the Hawesko Group is concentrating on the expansion of its traditional sales channels in the premium segment, especially as current economic developments make stronger growth in this area possible again.

 

Hawesko chief executive Alexander Margaritoff stated: "In the first eight months of the current fiscal year 2007 our business has developed well, which is clearly the result of increased demand for higher-quality wines. In view of this we think it makes sense to concentrate on our established sales channels."

 

Hawesko Holding AG is a leading supplier of premium wines and champagnes. Its sales channels include specialist wine retail (Jacques' Wein-Depot), wholesale (Wein Wolf and CWD Champagner- und Wein-Distributionsgesellschaft) and mail order (particularly Hanseatisches Wein- und Sekt-Kontor). The Group employed an average of 551 staff members during the past fiscal year. The shares of Hawesko Holding AG are listed on the Hanseatic Stock Exchange in Hamburg as well as in the GEX of the Frankfurt Stock Exchange.

 

     # # #

Published by:
Hawesko Holding AG
P.O. Box 20 15 52
20205 Hamburg
Germany

Internet:
http://www.hawesko.com 
(Company information)
http://www.hawesko.de    
(Online-Shop)
http://www.jacques.de      
(Information Jacques' Wein-Depot)

 

Press/Media:     
Vera Maria Bau,VMB Consulting   
Tel. (0228) 4496 240    
Fax  (0228) 4496 298    
e-mail: vmb.pr@t-online.de     

 

Investor Relations:
Thomas Hutchinson, Hawesko Holding AG
Tel. (040) 30 39 21 00
Fax  (040) 30 39 21 05 
e-mail: ir@hawesko.com