By Edward Devlin2021-04-16T16:03:00+01:00
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic.
Bread Holdings CEO and co-founder Tom Molnar told The Grocer branded sales of Gail’s and Bertinet products in the likes of Waitrose and Ocado had been the highlight of a challenging year.
The company, which is backed by Luke Johnson’s Risk Capital Partners, had enjoyed record sales and profits in the year ended 29 February 2020, before lockdown hit, according to newly filed accounts at Companies House.
Cafe Grace opening tomorrow in Victoria Road, Ashford, opposite Curious Brewery
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Decanter Chapel Down winery to drop beer with Curious Drinks disposal
Chapel Down plans to refocus on fast-growing demand for English wine after the disposal of Curious Drinks, which has seen beer sales to restaurants and bars dwindle during the Covid-19 crisis.
Chapel Down said it would refocus on English wines and spirits by disposing of its Curious Drinks business, including beer and cider brands, brewery and a restaurant.
Curious Drinks was set to be placed into administration before being acquired by a division of Risk Capital Partners (RCP), the UK private equity group founded by Luke Johnson.
Chapel Down’s CEO, Frazer Thompson, said it was a difficult decision but that Curious Drinks had been hit hard by the economic fallout of Covid-19.
Tenterden s Chapel Down disposes of Curious beer and cider brand, and its brewery in Ashford, with private equity firm Risk Capital Partners poised to takeover
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Updated: 15:06, 09 February 2021
Winemaker Chapel Down has ditched its Curious beer and cider range - less than two years after it unveiled a multi-million brewery and visitor centre devoted to it in Ashford.
The Tenterden-based firm said the impact of the lockdown over the last 12 months, while seeing wine sales soar, had hit its trade to pubs hard.
The Curious Brewery in Ashford is set for new owners
Some 90% of its beer is sold to pubs and restaurants - most of which have been forced to close for lengthy periods due to the pandemic.
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