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Gaucho Group Holdings, Inc. Acquires 21% Minority Interest in Gaucho Group, Inc and Its E-Commerce Assets
Gaucho Group Holdings, Inc. Acquires 21% Minority Interest in Gaucho Group, Inc and Its E-Commerce Assets
Leather Goods & Accessories Brands Gaucho - Buenos Aires and Gaucho Casa - Buenos Aires Now Wholly Owned Subsidiaries Under Gaucho's Corporate Umbrella
NEW YORK, NY / ACCESSWIRE / September 20, 2021 / Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced that its stockholders voted to approve the purchase of the remaining 21% of Gaucho Group, Inc. in exchange for the issuance of shares of common stock of the company with an approximate value of $2 Million.
With this transaction, GGI Inc. will become a wholly owned subsidiary of Gaucho Group Holdings, Inc., which had owned 79% of GGI. The consolidation of GGI, which owns Gaucho - Buenos Aires and Gaucho Casa into Gaucho Group Holdings, was completed as Gaucho Holdings embarks on an aggressive expansion of the Gaucho brand, such as the previously announced Las Vegas project, which may include opportunities in lodging, hospitality, retail, and gaming, as well as other potential future opportunities.
Scott Mathis, CEO & Chairman of Gaucho Holdings commented, "This all-stock transaction consolidates all minority interests in GGI under one roof, which we believe can save significantly in labor and accounting costs. Increased efficiencies and cost controls can help us to capture greater revenue potential and continues to be a strategic part of our growth plan. As we grow and scale, we seek to further develop and strengthen our business by utilizing roll up strategies such as this to acquire additional luxury brands synergistic with our own to create long term value."
About Gaucho Group Holdings, Inc.
For more than ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com) mission has been to source and develop opportunities in Argentina's undervalued luxury real estate and consumer marketplace. Our company has positioned itself to take advantage of the continued and fast growth of global e-commerce across multiple market sectors, with the goal of becoming a leader in diversified luxury goods and experiences in sought after lifestyle industries and retail landscapes. With a concentration on fine wines (algodonfinewines.com & algodonwines.com.ar), hospitality (algodonhotels.com), and luxury real estate (algodonwineestates.com) associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires™ (gauchobuenosaires.com), these are the luxury brands in which Argentina finds its contemporary expression.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Media Relations:
Gaucho Group Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
rstear@gauchoholdings.com
Investor Relations:
John McNamara
917-658-2602
john@tradigitalir.com
SOURCE: Gaucho Group Holdings, Inc.
View source version on accesswire.com:
https://www.accesswire.com/664750/Gaucho-Group-Holdings-Inc-Acquires-21-Minority-Interest-in-Gaucho-Group-Inc-and-Its-E-Commerce-Assets
Leather Goods & Accessories Brands Gaucho - Buenos Aires and Gaucho Casa - Buenos Aires Now Wholly Owned Subsidiaries Under Gaucho's Corporate Umbrella
皮具及配飾品牌高喬-布宜諾斯艾利斯和高喬卡薩-布宜諾斯艾利斯現在是高喬公司傘下的全資子公司
NEW YORK, NY / ACCESSWIRE / September 20, 2021 / Gaucho Group Holdings, Inc. (NASDAQ:VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced that its stockholders voted to approve the purchase of the remaining 21% of Gaucho Group, Inc. in exchange for the issuance of shares of common stock of the company with an approximate value of $2 Million.
紐約,NY/ACCESSWIRE/2021年9月20日/高橋集團控股有限公司(納斯達克交易代碼:Vino)是一家包括越來越多的電子商務平台的公司,專注於高檔葡萄酒、奢侈品房地產和皮具及配飾。該公司今天宣佈,其股東投票批准收購高橋集團剩餘21%的股份,以換取發行約200萬美元的公司普通股。
With this transaction, GGI Inc. will become a wholly owned subsidiary of Gaucho Group Holdings, Inc., which had owned 79% of GGI. The consolidation of GGI, which owns Gaucho - Buenos Aires and Gaucho Casa into Gaucho Group Holdings, was completed as Gaucho Holdings embarks on an aggressive expansion of the Gaucho brand, such as the previously announced Las Vegas project, which may include opportunities in lodging, hospitality, retail, and gaming, as well as other potential future opportunities.
通過這筆交易,GGI公司將成為高橋集團控股公司的全資子公司,高橋集團控股公司曾擁有GGI 79%的股份。GGI擁有Gaucho-布宜諾斯艾利斯和Gaucho Casa,合併為Gaucho Group Holdings的交易完成,因為Gaucho Holdings開始積極擴張Gaucho品牌,例如之前宣佈的拉斯維加斯項目,該項目可能包括住宿、酒店、零售和博彩領域的機會,以及其他潛在的未來機會。
Scott Mathis, CEO & Chairman of Gaucho Holdings commented, "This all-stock transaction consolidates all minority interests in GGI under one roof, which we believe can save significantly in labor and accounting costs. Increased efficiencies and cost controls can help us to capture greater revenue potential and continues to be a strategic part of our growth plan. As we grow and scale, we seek to further develop and strengthen our business by utilizing roll up strategies such as this to acquire additional luxury brands synergistic with our own to create long term value."
Gaucho Holdings首席執行官兼董事長斯科特·馬西斯(Scott Mathis)評論説:“這次全股票交易將GGI的所有少數股權整合到一個屋檐下,我們相信這可以大大節省勞動力和會計成本。提高效率和成本控制可以幫助我們挖掘更大的收入潛力,並繼續成為我們增長計劃的戰略部分。隨着我們的增長和規模擴大,我們尋求通過利用這樣的彙總戰略來收購更多的奢侈品牌,與我們自己的品牌協同創造長期價值,從而進一步發展和加強我們的業務。”
About Gaucho Group Holdings, Inc.
關於高卓集團控股有限公司(Gaucho Group Holdings,Inc.)
For more than ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com) mission has been to source and develop opportunities in Argentina's undervalued luxury real estate and consumer marketplace. Our company has positioned itself to take advantage of the continued and fast growth of global e-commerce across multiple market sectors, with the goal of becoming a leader in diversified luxury goods and experiences in sought after lifestyle industries and retail landscapes. With a concentration on fine wines (algodonfinewines.com & algodonwines.com.ar), hospitality (algodonhotels.com), and luxury real estate (algodonwineestates.com) associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires™ (gauchobuenosaires.com), these are the luxury brands in which Argentina finds its contemporary expression.
十多年來,高橋集團控股有限公司(guchoholdings.com)的使命一直是在阿根廷被低估的豪華房地產和消費市場尋找和開發機會。我們公司的定位是利用全球電子商務在多個市場領域持續快速增長的優勢,目標是成為多元化奢侈品領域的領先者,並在備受追捧的生活方式行業和零售景觀中提供體驗。阿根廷專注於精品葡萄酒(algodonfinewines.com&algodonwines.com.ar)、酒店業(algodonHotel s.com)和豪華房地產(algodonwineestates.com),以及時尚品牌高喬-布宜諾斯艾利斯™(guchobuenosaires.com)的皮具、成衣和配飾,這些都是阿根廷找到當代表達的奢侈品牌。
Cautionary Note Regarding Forward-Looking Statements
有關前瞻性陳述的注意事項
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
本新聞稿包含符合1995年“私人證券訴訟改革法”中“安全港”條款的前瞻性陳述。本新聞稿中除歷史事實陳述外的其他陳述可能構成前瞻性陳述,不保證未來的表現、狀況或結果,涉及許多風險和不確定因素。由於許多因素的影響,實際結果可能與前瞻性陳述中的結果大不相同,包括我們不時提交給證券交易委員會和其他地方的文件中描述的那些因素。本公司不承擔更新本新聞稿中所作任何前瞻性陳述的責任。所有前瞻性陳述僅在本新聞稿發佈之日發表。
Media Relations:
媒體關係:
Gaucho Group Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
rstear@gauchoholdings.com
高喬集團控股有限公司(Gucho Group Holdings,Inc.)裏克·斯蒂爾市場總監212.739.7669郵箱:rstear@guchoholdings.com
Investor Relations:
投資者關係:
John McNamara
917-658-2602
john@tradigitalir.com
約翰·麥克納馬拉917-658-2602郵箱:john@strigitalir.com
SOURCE: Gaucho Group Holdings, Inc.
資料來源:高喬集團控股有限公司(Gucho Group Holdings,Inc.)
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
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