Buyers in the UK market

Despite the prospect of Brexit, the UK remains a significant market. James Lawrence identifies the major buyers.

Union jack

It’s no secret that Britain’s wine buyers have been fighting hard to keep their businesses profitable in recent times. The 2016 Brexit referendum result, and the ensuing market turmoil, has led to a protracted period of uncertainty for the wine trade at a time when firms are already coping with escalating overheads and competition from the supermarket/online sphere. Currency devaluation hit some companies hard; among the significant casualties was major drinks group Conviviality, which went into administration in 2018, selling its retail division to grocery wholesaler Bestway for £7.25m ($9.2m). 

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