Freixenet-Copestick merger set for January 1
Two of the UK’s best-performing wine suppliers will officially merge on January 1 to create a new company called Freixenet-Copestick.
It will become the largest supplier of sparkling wine to the off-trade, ahead of Moët Hennessy, and the eighth largest wine supplier overall.
The combined group's annual off-trade sales currently stand at £114 million (IRI, year to September 2018). That leaves it behind only Accolade, Treasury Wine Estates, Gallo, Pernod Ricard, Australian Vintage, Casella and Concha y Toro, and it is growing a lot faster than any of its rivals, so it will soon be challenging the top five if it maintains that rate.
He and Clarke have a shared responsibility for the group and he believes the division of labour will suit both their skill sets. On a global basis, half of Freixenet’s wine is still as it has 18 wineries spread across Priorat, Rioja, Ribero del Duero, Argentina, California, France and Australia. Copestick will work on bringing more of them into the UK, with a particular focus on independent wine merchants.