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Drinks distributors pick up extra business after WaverleyTBS collapse

Published:  09 October, 2012

Drinks distributors are rallying around former customers of WaverleyTBS in the wake of the firm's collapse.

Drinks distributors are rallying around former customers of WaverleyTBS in the wake of the firm's collapse.

Aside from picking up additional business, fellow wholesalers are considering buying some of the assets or employing some of the 685 Waverley staff officially made redundant yesterday.

LCL chairman Laki Christoforou, who controls Venus wholesaler and Wine Rack, told Harpers that since WaverleyTBS "went down without notice", it was in a good position to be able to offer a service to businesses struggling to maintain supply. "We cover most of the country with our Leeds and London depots. It's bad news for the industry but good news for us."

He said he would be talking to administrators today about possibly buying parts of the Waverley business. But, he said, "there's not a lot [for administrators] to sell", as many suppliers held retention of title on stock, its vehicles were leased and in general it did not hold a lot of stock.

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