EXCLUSIVE: e-Commerce Marketplace Gaucho Group To Divest Real Estate To Maximize Stockholder Value
Portfolio Pulse from Shivani Kumaresan
Gaucho Group Holdings Inc (NASDAQ:VINO) plans to sell two of its retail properties in Argentina to accelerate stockholder value. The proceeds from the sale, priced at $2 million and $0.7 million, will be used for debt reduction. The company aims to focus on its primary ventures, notably Algodon Wine Estates, which has a revenue potential of about $80 million in the coming years. The company expects FY23 revenues to exceed $6 million, primarily from the vineyard estate lots at Algodon Wine Estates.
October 04, 2023 | 12:01 pm
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Gaucho Group's decision to sell its retail properties in Argentina could potentially increase stockholder value and reduce debt. The company's focus on Algodon Wine Estates could lead to significant revenue in the coming years.
The sale of the properties could help Gaucho Group reduce its debt and increase its stockholder value. The company's focus on Algodon Wine Estates, which has a high revenue potential, could also positively impact its stock price.
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