Symington's and BBR Are Taking Over an English Sparkling Wine Producer
Posted: Wed Sep 27, 2023 6:56 am
Interesting news for sure...
https://harpers.co.uk/news/fullstory.ph ... r_bid.htmlA newly incorporated entity owned directly by Berry Bros. & Rudd and Atlantis Win Holdings, a member of the Symington Group, has initiated a takeover bid for Hambledon Vineyard.
The cash offer values Hambledon, one of England’s oldest vineyards, at approximately £22.3 million. As a consortium, newly formed for the purpose of making the offer, Berry Bros. & Rudd and the Symington Group see the acquisition as an important mitigation against the risk of climate change.
The consortium also sees a strategic opportunity to diversify each member's respective existing family business portfolios, geographically for the Symington Group, and vertically for Berry Bros. & Rudd, through a long-term investment in English sparkling wine.