Leisure and hospitality investor Imbiba has invested in the London-based wine bar and urban winery group to fund further expansion.
Vagabond, which first opened in 2010, currently has five sites throughout London, including a bar and restaurant in Battersea Power Station and an urban winery that recently released its first three wines. A sixth site is expected to open in October this year.
The wine bars feature wine dispensers that allow customers to taste more than 100 wines, either by the glass or in a sample measure. In addition, Vagabond’s approach is to source much of its wine direct from producers. It also operates a wholesale business, selling wine to bars, restaurants and more.
‘Within the UK hospitality market, Vagabond is seen as a differentiated and focused business model that provides consumers with a high-quality, superior range at an accessible price point,’ said John Connell, Imbiba’s chairman. ‘It’s a highly scalable business with industry leading site performance metrics.’
The trio of English wines launched by Vagabond at the end of May this year consists of a Bacchus, Pinot Noir Rosé and a Pét Nat, made with grapes sourced from Kent, Surrey and Oxfordshire.