De Vere sells Greenalls gin

08 August, 2011

The De Vere hospitality group has sold its Greenalls gin business to a private equity-backed management team.

The deal is worth a reported £7.5 million and is headed by chief executive Christian Rose, financially-backed by Enzo Visone, former chief executive of Italyís Campari group, and investment banker Warren Scott.

De Vere, which operates top-end hotels, said the sale was part of its strategy to dispose of non-core businesses.

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