In an interview with OLN (page 22), Thierry's commercial manager Matthew Dickinson
predicted a "very tough" year ahead for importers. "I would expect five to 10 wine companies to go bust," he said.
Other suppliers have reflected Dickinson's comments. "I think it is quite serious," said Paul Letheren, director of Yellow Tail supplier Off Piste Wines. "Particularly for businesses that haven't got their costs under control. The pressure we're being put under is immense, particularly with prices going up."
Letheren said he expected larger firms, wh ich were less "quick and agile" than his own, to suffer particularly badly. "We're all going to suffer, it's just a question of whether you can get through it ."
Wine suppliers are facing increased costs for raw materials and utilities amid warnings of an impending economic downturn.