Investment firm Padmore Ltd has made a substantial investment in wine business Febvre & Company, making it the majority shareholder. Paul Sapin, Febvre’s subsidiary in France, which supplies over 30 countries, was included in the deal.
According to a statement issued by the company, Anthony and Gregory Alken have resigned as directors and left the business, and Jim Bradley has been appointed chief executive of the company.
Bradley, who spent 27 years with C&C Group prior to setting up his own consultancy business in 2006, is a former President of the European Soft Drinks Association and President of the Irish Beverage Council.
“Padmore’s capital will allow Febvre to take advantage of improving economic conditions, positively positioning the company for acquisitions and further expansion going forward,” the statement read.
Febvre and Company Ltd. have been a major presence in Ireland’s wine and spirits industry for more than 50 years, with a group turnover in excess of €50 million.
© 2014 - Checkout Magazine by Karis Copp