Posts Tagged ‘Administration’

Champagne supplier, Pressoirs de France.

Champagne supplier, Pressoirs de France.

 

After weeks of speculation that it was in financial difficulties, the Pressoirs de France group – supplier of cheap Champagne to major UK supermarkets – has gone into receivership having failed to find a new financial backer.

 

In a statement to the French press on Wednesday, owner Nicolas Dubois said the company was ‘without sufficient capital to fund its cash needs’.

Dubois, who started his brokering business in 1999, quickly become a large operator predominantly selling cheap Champagne to hypermarkets and supermarkets inside and outside France.
Read on …

Please, don't leave us!

Please, don’t leave us!

 

An English producer that saw its wines served to the Queen during last year’s Jubilee celebrations has gone into administration.
Wickham Vineyard in Hampshire, which produces about 80,000 bottles a year, ceased trading just before Christmas with the loss of around 24 jobs.

Having established its first vineyards in 1984, the estate had since expanded plantings to around 20 acres of 10 different grape varieties. Three Wickham Vineyard wines were served at a lunch in London that was attended by the Queen and Prince Philip to mark her Diamond Jubilee.

Although the UK downturn had made trading difficult over the last year, with future prospects dampened by the disastrous 2012 vintage, which saw fellow producer Nyetimber abandon its entire harvest, Wickham Vineyard’s main issue is thought to have stemmed from its high street wine retail business.

 Read on …

 

Also read: