Vintage float: Burgundy vineyards look to list in London
Sunday Times August 24, 2014
A burgundy wine producer is preparing to float in London in what is thought to be the first time a French vineyard has listed on this side of the Channel. Domaine Chanzy hopes to raise up to £5m, part of which will be used to help boost exports. Overseas sales account for a small fraction of the label’s output. It hopes, eventually, that more than half will be purchased by foreign buyers. The label also wants to develop its role as a ‘négociant’ — making wines from grapes bought from other growers.
The winemaker, majority-owned by Olma, a private equity house specialising in luxury goods, is working with the stockbroker WH Ireland and hopes to list on AIM before the end of the year.