Lakes Distillery sells stake to investment firm

Cumbria’s Lakes Distillery has sold a minority stake of its business to investment firm Comhar Capital for £4.25 million (US$5.5m) to support its growth plans. The funding will support the English producer’s ongoing investment programme and “continued growth” in maturing whisky stocks. It will also assist with investment in the distillery and visitor centre and will see production capacity triple to more than 1m bottles annually. Nigel Mills, co-founder and CEO of The Lakes Distillery,…

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