News

GERMANY/UK: Henkell & Co takes majority stake in Copestick Murray

Most popular

Diageo/LVMH move for Pernod won't wash

just-drinks speaks to Pernod CEO Alex Ricard

How to win the marketing war in spirits

The just-drinks Analyst returns

Where will Pernod focus its attention in 2019-21?

MORE

German wine and spirits producer Henkell & Co has acquired a 60% stake in UK-based wine importer Copestick Murray for an undisclosed sum.

//i2.aroq.com/1/full_group_cropped.jpg

In an announcement today (30 August), Henkell & Co said its “main focus” for the partnership would be to establish its Prosecco brand, Mionetto, in the UK. “The UK is the largest market for Prosecco Spumante outside of Italy and one of the fastest growing markets for Prosecco overall,” said Andreas Brokemper, Henkell & Co's CEO. 

Robin Copestick, MD & co-founder of Copestick Murray, whose portfolio includes the 'I Heart' wine brand, told just-drinks that these are “exciting times” for the company. “They (Henkell) are an extremely successful company with brands all over Europe,” he said. “Sparkling wine has been an area we've been under-represented in, so it works well, especially as it's a growth category in the UK.”

Copestick added: “We needed this strength financially, there's only so much you can do when you are under-capitalised.”

He declined to say how much Henkell & Co had paid for its 60% stake. 

Henkell's three-strong UK sales force, part of its own UK distribution company set up in 2011, will team up with Copestick Murray's team. No personnel changes will happen as part of the deal, Copestick confirmed.

The deal becomes effective on Sunday (1 September). 

Last year, Henkell & Co acquired Spanish wine firm Cavas Hill.


Related Content

The Sazerac Co enters India with John Distilleries stake purchase

The Sazerac Co enters India with John Distilleries stake purchase...

This week in spirits & wine, featuring how to market spirits to females, Henkell & Co's confirmed Freixenet move and ProWein 2018

This week in spirits & wine, featuring how to market spirits to females, Henkell & Co's confirmed Fr...

This week in spirits & wine, featuring Brown-Forman's latest numbers, Treasury Wine Estates' winery offload to Casella Family Brands and just-drinks meets Mount Gay chief, Raphael Grisoni

This week in spirits & wine, featuring Brown-Forman's latest numbers, Treasury Wine Estates' winery ...

This week in spirits & wine, featuring Gruppo Campari's Q1s, Diageo's Capital Markets Day and Australian Vintage's new Chinese stakeholder

This week in spirits & wine, featuring Gruppo Campari's Q1s, Diageo's Capital Markets Day and Austra...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?