New majority shareholder at Febvre
Investment by Padmore Ltd should allow wine business ‘to take advantage of improving economic conditions'
Print20 February 2014
Following a "substantial investment" in wine business Febvre and Company Ltd, investment firm Padmore Ltd has been announced as the company’s new majority shareholder.
The deal includes Paul Sapin, Febvre’s subsidiary in France, which supplies over 30 countries worldwide.
Anthony and Gregory Alken have resigned as directors and have left the business, while Jim Bradley has been appointed chief executive of Febvre and Company Ltd, with immediate effect.
Jim Bradley is well known in the drinks industry, through his involvement with the C&C Group. He was also a former president of the European Soft Drinks Association and president of the Irish Beverage Council.
In a press statement, Febvre said Padmore’s capital will allow it to "take advantage of improving economic conditions, positively positioning the company for acquisitions and further expansion going forward".
Febvre currently has a group turnover in excess of €50m within Ireland’s wine and spirits industry.
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