There will be no changes to corporate strategy at Peter Lehmann Wines following the take-over by the Swiss Hess Group, according to managing director Doug Lehmann.
Hess now has 81.4% of shareholding following a take-over battle with Allied Domeq.
Go deeper with GlobalData
Founder Peter Lehmann who initiated take-over, favouring Hess, retains 10% and a number of smaller shareholders are remaining.
Hess chief executive Max Lienhard has been formally appointed to the PLW board.
