The on-and-off sale surrounding the fate of Summergate shows the depth of China's cut-throat market competition and how even big congloermerate-backed wine companies are unprepared for market slump and the onslaught of pandemic. Read More
Gravity Capital
China’s leading wine and spirits importer and distributor Summergate, which was bought by Australia’s Woolworths Group in 2014 has been sold to Gravity Capital, a private equity firm in Asia, for an undisclosed amount, Woolworths Group has announced. Read More