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

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

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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.

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