Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Investment firm Brightfolk invests in Winefamly
June 28, 2018

Anders Holch Povlsen's investment firm, Brightfolk buys 25% of the shares in Winefamly and becomes the largest shareholder in Morten Strunge’s bet on a new wine club concept. Winefamly is still not profitable. The newly raised capital will be used to boost marketing initiatives and to look into opportunities for expansion abroad. The share price is undisclosed.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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