The Madeira-based family-controlled holding company, the Blandy Group, has regained control of the Madeira Wine Company in a move designed to consolidate the family company’s operations after 200 years of continuous business.
Michael Blandy, sixth generation chairman of Blandy’s, told CampdenFB that the stake of majority shareholders in MWC – family-owned Symington Family Estates –will be reduced to a small percentage. He wasn’t prepared to elaborate; Symington previously owned 56% in the Madeira Wine Company.