Whether on the beach, in summer, or in dinners with friends and family, the grapes are never ‘bad’ company. There are those who eat them with Grainha, even though they lie down later, but there are those who prefer the without a grainha, as there is no risk of choking. In Portugal, the most famous grapes without Grainha are Vale da Rosa, but Ferreira do Alentejo’s company is going through a crisis that can lead to the end of the production of these same grapes.
According to, the one who is the largest national table grape producer is due to the bank about 17 million euros and has entered into a special process of revitalization. We talk about a lawsuit that generates negotiations between the company and its creditors, to approve a recovery plan to promote the revitalization of the company.
A decision by the Jerónimo Martins group aggravated the Valley of Rosa crisis
The objective of the special revitalization process is that the company, in this case the Vale da Rosa group can continue to develop its activity normally. The company is currently in debt to the largest banks, namely Caixa Geral de Depósitos, BCP, Santander, Novo Banco, BBVA and BPI.
At this time, the company’s future is at risk and it is these negotiations with creditors who will determine the progress of the Rosa Valley. It should be noted that the company had been in crisis for some time, however, financial problems got worse last year, after the Jerónimo Martins group, owner of the Pingo Doce supermarket chain, stop buying grapes without Grainha do Vale From the rose.
It is also known that Lidl also ended the orders of Vale da Rosa grapes, so the company had a break of about half the volume of business.
“There were dozens of investors to express interest”
SIC Notícias cites the statements of the judicial administrator, Jorge Calvete, to Expresso, where he stresses that despite the high value of the Vale da Rosa group debt, “there were dozens of investors to express interest.”
It’s just that according to the same newspaper, “Vale da Rosa arouses the interest of investors linked to the food industry already installed in Portugal and who has gone through the eyes of funds operating in the country”, because their grapes have already been classified as the “best from the world ”.
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