South American Real Estate News
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High-altitude Argentine winemaker profits from peso’s fall

A Swiss multimillionaire has slowly profited from the country’s economic crisis with a Salta vineyard that exports 65 percent of its product to the US. Two decades after acquiring vineyards in the foothills of the Andes, Swiss multimillionaire Donald Hess is finally turning a profit in Argentina, helped in no small part by the peso’s dramatic collapse. Seeking expansion beyond his Napa Valley assets, Hess bought Bodega Colome in the picturesque Calchaqui valley in June 2001 to produce wine…
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