Stratford’s enters administration

Stratford’s Wine Shippers and Merchants has gone into administration.

The company, whose agency portfolio includes Pascual Toso, Anakena, Domaines Paul Mas and Domaine Ste Michelle, reported that it had “struggled financially with eroding margins and increased cash demands, to the point that the directors of the business needed to seek a resolution to this problem.”

Although reporting that attempts were made to sell the business as a going concern, a statement from the company said that it was unable to find a suitable buyer.

Having gone into administration yesterday, Stratfords confirmed that its remaining assets have since been acquired by FE Barber, parent company of Manchester-based bottler and drinks supplier Kingsland Wines and Spirits.

The statement said that all creditors and stakeholders will be contacted by the administrator “over the course of the next week”.

The news comes in the same week that the Summertown Wine Café and Finborough Wine Café ceased trading.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

The Global Riesling Masters 2019

Deadline : 20th December 2019

The Global Pinot Noir Masters 2020

Deadline : 31st January 2020

Click to view more

Champagne Masters 2019

View Results

Rioja Masters 2019

View Results

Click to view more

Subscribe today to get each issue of The Drinks Business as soon as it's published, plus all the latest breaking news and access to our library of back issues.

Subscribe Today!

Subscribe to our daily newsletter

Stay up-to-date with the latest news about the international spirits industry every weekday lunchtime (GMT)