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Rioja brands including Federico Paternina go to auction in July insolvency sale
- IAG Auction will sell four major Rioja trademarks from Marqués de la Concordia Group on 27-29 July as part of insolvency proceedings involving United Wineries entities.
- The portfolio includes Federico Paternina, Lagunilla, Marqués de la Concordia and Rioja Santiago, all with decades or over a century of family ownership and international recognition.
- Between 2019-21 the four brands generated €18.49 million in normalised Rioja DO sales, with Federico Paternina earning 52% and Lagunilla 29% of that total.
- Exports represented 41% of historical sales, with Nordic countries accounting for 27.72% of overseas revenue and Central Europe for 21.93%, offering geographic diversification.
- The sale is open to wine producers, industry operators, investment funds and international companies seeking to acquire established brands rather than build new ones from scratch.