Moet & Chandon could be among the potential suitors for English sparkling wine company
"
"Given the terroir and rock formations are almost identical to the champagne appellation, a big house like Moet & Chandon, owned by
Private equity firms may also be "sniffing around", given recent acquisitions in the wine trade, such as Coterie holdings, she added.
The wine sector has been hit by a slowdown in recent years as shoppers tighten the purse strings amid a cost of living crunch. The slowdown could trigger further deals across the sector in areas like distribution and wholesale, Streeter suggested.
"2024 was expected to be a year of consolidation in the wider industry due to slower sales and impact of higher interest rates," she added.
(c) 2024 City A.M., source