Chapel Down drops beer business Curious Drinks to focus on wine
Sales of beer were decimated by the pandemic Chapel Down is ditching its beer business Curious Drinks to focus on wine after the brewery’s sales were decimated by the pandemic. The upmarket winemaker has revealed plans to offload Curious Drinks’ business and assets to Risk Capital Partners, the PE firm founded by well-known entrepreneur Luke Johnson. Prior to the pandemic, Curious Drinks was selling 90% of its beer to the on-trade, said Chapel Down, which meant it was “significantly impacted” by pub closures over the past year. Chapel Down had decided “to focus our energy and resour...
Source: thegrocer.co.uk