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Major shareholder: Lord Ashcroft owns a 67% stake in Gusbourne
Gusbourne wine estate has warned of “challenging conditions” in this year’s vintage as it continues to look for a buyer.
The English winemaker was effectively put up for sale in July after Conservative peer Lord Ashcroft, who owns a 67 per cent stake, told the board he wants to “explore a number of strategic options for his stake”.
This came shortly after rival sparkling winemaker Chapel Down said it was also considering a sale.
Gusbourne has expressed concern after being hit by a “persistently wet growing season”.
He said he would produce “much less fruit than last year’s bumper crop” but insisted he had built up stocks so would not face supply problems. He also said he could raise prices in what is set to be an unusual crop year.
Boss Jonathan White said: ‘The 2024 vintage will be considerably smaller in quantity, but we expect the wines to continue to reflect our usual exceptional quality.’
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