Chapel Down, Britain’s largest winemaker, is navigating a pivotal moment in its history. As demand for English wine surges, the company is exploring significant financial moves.
The London-listed company aims to raise £30 million to fuel its expansion, considering a potential sale amidst the booming English wine market.
Exploring Strategic Options
On Tuesday, supported by billionaire Lord Spencer, Chapel Down announced a strategic review to fund growth plans. These plans include expanding its Tenterden base in Kent and building a new winery east of Canterbury.
Potential Sale and Delisting
A sale of the company is one of the options being considered, which could lead to Chapel Down delisting from the Alternative Investments Market (AIM) just seven months after listing. This aligns with the increasing demand for English wines.
Ambitious Goals and Market Position
French champagne houses like Pommery and Taittinger have shown interest in the English wine industry, buying land for wine production in Britain.
A Year of Success
The strategic review comes after a successful year, with the company considering further investment from existing shareholders.
Market Impact and Future Prospects
CEO Andrew Carter noted the positive AIM listing and mentioned that raising money on capital markets remains a potential option.
Rising Demand for English Wine
This booming demand has not gone unnoticed by major players in the industry, signalling a bright future for English wine.
Conclusion
As the English wine sector continues to thrive, Chapel Down remains at the forefront, poised for further growth and success.
Chapel Down faces a crucial decision in its journey, amid the backdrop of a booming English wine industry. Its potential sale and delisting from AIM could mark a new era.
As the English wine sector continues to thrive, Chapel Down remains at the forefront, poised for further growth and success.