Just Drinks August 27, 2014
Burgundy wine producer Domaine Chanzy has confirmed it is planning to float between 20% and 30% of its capital on the London Stock Exchange by the end of year. The planned move is part of a bid to raise between GBP2m and GBP5m to fund expansion. A Chanzy spokesperson told just-drinks today that there had been « some encouraging feedback » from potential investors in the UK, following media reports of the possible floatation.
The estate is owned by Olma, a Franco-British consortium of seven investors. It acquired Chanzy in 2012 when the winemaker was in judicial administration.