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Your email address will not be published.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

Sales Manager

The Old Curiosity Distillery
United Kingdom

Brand Development Executive

Manchester Gin
Manchester, UK

Marketing Assistant

Berkmann Wine Cellars
London, UK

PR Manager

Master of Malt
London, UK

Sales Manager

Hairy Dog Brewery
Haywards Heath, UK

National Operations Director

Amathus Drinks Plc
London, UK

Sales Executive – Hush Heath Estate

Hush Heath Estate
London/ Kent

Marketing Manager

Zonin UK
Richmond, UK

Unsigned Talent Tasting

London,United Kingdom
20th Sep 2018

Love Wine, Love Chile

London,United Kingdom
25th Sep 2018

Almaviva Masterclass

London,United Kingdom
26th Sep 2018
Click to view more

Champagne Masters 2018

Enter your wines into the Champagne Masters 2018, the only blind competition dedicated to Champagne in the UK.

Cabernet Sauvignon Masters 2018

the drinks business is proud to announce the fifth year of its Global Cabernet Sauvignon Masters

Click to view more