Saturday October 24, 2020

Ryan's wines suffer heavy losses

Chateau Lascombes, the French vineyard part-owned by Ryanair founder Tony Ryan, has recorded heavy losses and seen its turnover drop by more than €7 million over the past three years.

9th April, 2005

The vineyard, which is located in the Margaux region of France near Bordeaux, made a loss of more than €3.4 million during the year ending April 30, 2004, down from a profit of €3.2 million in 2002, according to the chateau's accounts.

Turnover at the vineyard has also dropped since it was bought by Ryan and US pension fund Colony Capital in April 2001. In 2002, the vineyard had sales of €11.5 million, but this fell to €7...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago