Sales up 25% at Farr Vintners in 2017

UK fine wine merchant Farr Vintners is the latest to release positive results for 2017, with sales up just over 25% to £96 million.

Farr Vintners new Battersea offices

The merchant reported physical sales of £77m and £19m worth of en primeur sales, which it said was the best since campaign since 2010.

As also noted by BI, the weaker pound led to an increase in sales to customers outside of the UK, especially in Asia.

Sales were made to customers in 70 countries and by value were broken down into 80% for the UK and Asia, 9% in the US, 8% in Europe and3% to the rest of the world.

Following the current composition of the market according to Liv-ex, by region Bordeaux accounted for 65% of sales, Burgundy 15%, Champagne 5%, Italy and the Rhône 4% apiece, the US 2% and various others making up 1% to 1.5%.

Again, as reported by BI, Farr Vintners reported that the year saw a noticeable increase, “in purchases of wine back from our own customers’ reserves.”

Chairman Stephen Browett said in a statement: “Despite pressure from smaller operators on margins, we are pleased to report that the company’s modest profit margin remained unchanged from 2016 to 2017 and allowed us to continue to offer a high level of service to our customers.

“All in all, 2017 has been an excellent year for Farr Vintners.”

One Response to “Sales up 25% at Farr Vintners in 2017”

  1. Tim Atkin says:

    Why does Bordeaux Index keep being mentioned in an article about Farr Vintners??

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Account Manager - Manchester

Black Fire Tequila
Manchester, UK

Marylebone Sales Manager

Philglas & Swiggot
Marylebone, London

Sales Administrator

Les Caves de Pyrène
Guildford, UK

General Manager

3Cs Cider
UK

Buyer

BrandAlley UK LTD
London EC2A

Liquid Production Assistant

Atom Group
Tonbridge, UK

Brand Manager

Hallgarten Druitt
Luton, UK

Brand Manager

Kilchoman Distillery Co Ltd
Edinburgh, UK

Wine Bar Supervisor

Henny's
London, UK

Partner Manager - On-trade - North West

Maverick Drinks
Manchester, UK

Pays d'Oc Tasting

London,United Kingdom
28th Jun 2018

CHILE: From The Very Top To The Downright Hot

Manchester,United Kingdom
2nd Jul 2018

CHILE: From The Very Top To The Downright Hot

Edinburgh,United Kingdom
3rd Jul 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more