A preferred bidder for Stormhoek has been identified, with the sale expected to be completed next week.

Menzies Corporate Restructuring, administrators for collapsed wine company Orbital, would not reveal the buyer while the due diligence process is still underway.

Corlett said he was impressed by the speed with which the transaction appears to be evolving within two weeks of the collapse of Stormhoek owner Orbital Wines Ltd along with parent company Bulk Brokers.

‘We had a good response from a lot of companies, said Corlett ‘Stormhoek is a money maker, and there is a lot of support for this brand out there. ‘

The unnamed buyer is also considering whether to buy Orbital’s other brands, notably Camden Park.

Nick Dymoke-Marr, who launched the Stormhoek brand for Orbital, said he is not involved in the sale, and is evaluating other projects.

Written by Maggie Rosen

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Maggie Rosen
Maggie Rosen
Decanter Magazine, Wine Writer & Editor

Maggie Rosen is a wine journalist, editor and author, hailing from New York but based in London. Aside from Decanter, she has contributed to the Financial Times, The Drinks Business, Harpers Wine and Spirit Weekly, The Wall Street Journal, The World of Fine Wine and Meininger's Wine Business International. She is also a member of the Circle of Wine Writers.