Episode 11:Rumasa: Empire, Corruption & Collapse
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Episode 11:Rumasa: Empire, Corruption & Collapse
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About this listen
A dark and dramatic chapter in the Sherry story.
In this episode, Christopher explores the rise and fall of Rumasa, the vast Spanish conglomerate that took control of much of Jerez’s wine industry in the 1960s and 70s — only to collapse spectacularly when the Spanish government seized over 700 companies overnight in 1983.
From industrialisation and reckless growth to economic ruin and cultural damage, this episode shows how Rumasa nearly destroyed Sherry’s global reputation — and how its collapse ultimately paved the way for a return to quality and authenticity.
It’s a gripping tale of ambition, excess, and the painful lessons that reshaped modern Sherry.
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