Cheltenham wine business with £64m turnover sold

A firm founded almost 20 years ago to distribute wine in the UK, which has grown into a £64m turnover business - one of our Top 100 Businesses in Gloucestershire series - has been sold.

A leading wine distributor based in Cheltenham, with a turnover in excess of £64m - making it part of our Top 100 Businesses in Gloucestershire series - has been sold.

Off-Piste Wines, founded by Ant Fairbank and Paul Letheren in 2007, has grown into one of the UK’s favourite suppliers.

The business partnered with the investor BGF (Business Growth Fund) in 2019 to help drive its growth, and saw it develop its own brands including Most Wanted and The Wanderer labels.

That relationship has now come to a happy ending for both parties, with the sale of the business to Terold Invest SL, one of the largest family-owned, world wine groups.