Vintage Wine Estates Acquires Vinesse, LLC

September 28, 2021

Vintage Wine Estates (VWE) has acquired substantially all of the assets of Vinesse, LLC, a direct-to-consumer wine club operator with over 60,000 members and approximately $20 million in annual revenue. VWE paid $14 million cash plus a $2.5 million earnout, and expects to realize material cost synergies by bringing operations in-house while expanding DTC cross‑sell and digital capabilities; founder Larry Dutra (the seller) is expected to remain to help run the business.

Buyers
Vintage Wine Estates, Inc.
Targets
Vinesse, LLC
Sellers
Larry Dutra
Industry
Food & Beverage
Location
California, United States
Transaction Type
Buyout

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