The business has received a letter from Lord Ashcroft’s vehicle Belize Finance Limited to call a meeting to vote on delisting the company from the junior market AIM.
Strategic review: Kent-based winemaker Gusbourne, which is controlled by billionaire Lord Ashcroft (pictured) has struggled recently with sluggish sales.
But Gusbourne has struggled recently with sluggish sales and a ‘persistently wet’ growing season last year which hit grape harvests.
The business announced that a ‘strategic review’ opened in July last year had ended without the company being able to find a buyer.
The former Tory party chairman controls just over two-thirds of Gusbourne, meaning any delisting vote is likely to pass.
