Sycamore Takes Loss on Wine Estate Bet Amid ‘Sober Curious’ Turn

Sycamore Partners offloaded wine company Ste. Michelle Wine Estates in a deal that foisted losses on the private equity firm and the company’s lenders as the industry faces tariff pressures...

By Reshmi Basu · Bloomberg Markets

Sycamore Partners offloaded wine company Ste. Michelle Wine Estates in a deal that foisted losses on the private equity firm and the company’s lenders as the industry faces tariff pressures and slumping demand from younger consumers.