Beer sales keep Chapel Down buzzing

24 April, 2014

English wine producer Chapel Down has announced pre-tax profit of £68k (2012: £414k) for the year ending December 31, 2013.

CEO Frazer Thompson, said: “As expected, profits are down due to the 24% fall in the volume of wine available for sale following two low yielding harvests in 2011 and 2012.

“Nevertheless, year-on-year sales were up 4% on last year at a record £5,033k reflecting a 10% increase in the selling price for our wines and a 119% increase in the sales of our Curious beers which have listings in Majestic and Waitrose as well as hundreds of quality bars and restaurants including Jamie Oliver, The Royal Opera House and Hilton Hotels,” he said.

 “We are also delighted that 2013 gave us a bumper crop, our highest ever which will enable us to replenish our stocks and gradually fulfill growing demand for our wines.

“We have been frustrated by our lack of stock and it was important therefore that we were successful in raising £4.35m of new funding to accelerate our growth and improve supply,” said Thompson.





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Nick Strangeway

How bars must adapt to post-Covid industry

Nick Strangeway on how bars must addapt to a new and improved hospiality sector as we emerge from lockdown.

Instagram

Facebook