Enotria sold in 8.2-million deal

Published: 23 July, 2008

Italian specialist Enotria Winecellars has sold a majority stake of its business to private equity firm ISIS for 8.2 million.
Founded in 1972 by Remo Nardone, Enotria now has more than 1,200 wines in its portfolio, and it supplies restaurants such as Fifteen and Gordon Ramsay eateries. Nardone, 70, will stay on in a consultancy role but will take a step back from the day-to-day running of the firm.

An Enotria spokesman told Harpers that Nardone wanted

to spend more time with has family, having worked day

and night' for Enotria since starting the company.

The spokesman also rebuffed national-newspaper claims that the sale would expand Enotria's presence beyond southeast England, pointing out that the company already had depots in the Shepton Mallet, Leeds, and Glasgow areas.

An ISIS spokesman said that the company backed' Enotria's existing management team, but Clive Beharrell, the former chairman of leisurewear retailer Fat Face, will take over as chairman, with Peter Sheridan coming in as finance director.

Nardone added: This is an exciting development in the next stage of the business, with many new initiatives being planned. This evolution has been my preferred route, since it ensures continuity and stability to take Enotria into an even greater and successful future.'

The Enotria tasting will be held on Tuesday 7 February at The Banqueting House, London. E-mail marketing@enotria.co.uk

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