Royal Family's wine merchant to post first loss in recent memory

14 October, 2013

Berry Bros & Rudd is set to post a pre-tax loss of £7.3 million for the 2012-13 financial year as the 315-year-old wine merchant prepares to overhaul its business.

The Queen’s vintner will show that turnover also dipped 16% to £138 million in the year to March 31.

In the 2011-12 financial year BBRB posted a £1.4 million profit.

The financial accounts, due to be filed at Companies House this week, will show that it posted around £4m of exceptional items after an ongoing legal battle with its former wine distributor in Hong Kong.

As part of its overhaul the firm has also purchased wine agency Richard Walford & Co for £7 million and invested £3 million in opening fine wine companies in Asia.




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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