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Wine News

Chapel Down puts Curious Brew pub business into administration

Leading UK wine company Chapel Down has put its award winning beer business into administration to allow RCP (Risk Capital Partners) to buy the business clear of debt.

Frazer Thompson, CEO of Chapel Down Group said “the Covid-19 pandemic has upturned the best laid plans of businesses all over the world and has required companies to respond to the crisis with flexibility and agility. In our case that involved pivoting our multichannel strategy to have a stronger focus on supermarkets and e-commerce direct sales to consumers for our wines which resulted in volume sales growth of 38% in 2020”.

The Curious Brew’s new brewery which has been open and closed several times in 2020 will be sold to RCP and staff will not lose their jobs. Any shareholders in Curious Brew will be given the opportunity to trade their shares for Chapel Down shares.