Later: Winemaker Gusbourne has had to delay this year’s harvest due to poor weather
An English winemaker has had to delay this year’s harvest due to poor weather.
Kent-based Gusbourne, which is two-thirds owned by Conservative peer Lord Ashcroft, said that ‘the 2024 harvest will commence later in the month’.
A spokesman said the delay was ‘due to the challenging and variable weather conditions throughout this year’s growing season’.
He added it was expected to be a harvest of ‘high-quality but reduced yield compared to last year’s record 2023 vintage’.
Gusbourne, which is listed on AIM, said revenues fell 3 per cent in the first half of the year to £3.3million while losses widened to £1.9million from £1.4million in the same period of 2023.
As the results were published, chief executive Jonathan White described ‘a challenging market backdrop that has resulted in more difficult trading conditions.’
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