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Chile winemaker Concha y Toro will invest $60 million during 2012

Chile winemaker Concha y Toro will invest $60 million into its own business during 2012, chairman Alfonso Larrain told reporters. Concha y Toro, one of the world’s biggest wine exporters, is focusing its business strategy on premium wines to offset the stronger peso and rising production costs. Concha y Toro reported sales of 87.99 billion Chilean pesos ($180.22 million) during 2012’s first quarter, a 13.5% increase on-year after it acquired Brown-Forman Corp.’s (BFA, BFB) Fetzer Wineyards…
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