|D&D Wines enters administration|
|Written by Gemma McKenna|
|Monday, 23 April 2012 16:06|
D&D Wines International has gone into adminstration.
The Cheshire-based business, which has been in operation 1973, mainly supplies wines to UK supermarkets and the cash and carry sector.
It sells over 600 wines from 25 wineries in 10 countries - including own and exclusive labels, and handles agencies for several major brands including Luis Felipe Edwards from Chile; La Gioiosa from Veneto in Italy and Bodegas Muriel from Rioja.
Insolvency practitioner Christopher Ratten from RSM Tenon Recovery was called in on Friday, April 20. As of yet, no details about creditors or monies owed have been made public.
A spokesman for RSM Tenon told Harpers that administrators were currently on site at the firm’s Knutsford office “creating a strategy for the administration”. A formal notice to all creditors will be sent out during the week. They are believed to be looking for a buyer for the business as part of the strategy.
D&D Wines works with a number of the major multiples, including Tesco and the Co-operative. Recent distribution deals include Californian-based Precept Wine’s Chocolate Shop, which gained listings at Sainsbury’s and the Co-op.
The firm was not available for comment.