06 December 2024
06 December 2024
CEO Lawson Whiting said the group was “obviously advocating for a solution that brings stability to all these trade relationships”.
The slump last year was attributed mostly to a 4.2% decline in wine sales volumes year-on-year.
Located in St Helena, California, the winery will not be part of the Boisset Collection group.
Heillaut is set to take over in July, succeeding Ludovic Spiers, who will step down after 15 years at the helm.
The lender is making a $37m investment it expects to mobilise $492m in co-financing from partners such as the World Bank and African Development Bank.
White and rosé wines dominate the cooperative's export sales as red wine consumption continues to drop.
The company has engaged EY to advise on potential options.
Big Drop has switched its brewing partner in the UK and is nearing a deal across the Atlantic.
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