Cockburn's administrator finds a buyer

04 February, 2010

The brand name of prestigious Scottish wine merchant Cockburnís of Leith has been bought by drinks wholesaler Edinburgh Wine Importers.

The deal also includes Cockburnís customer listings, book debts and certain stock.

Cockburnís was placed into administration with Ernst & Young at the end of last week, having been impacted by the economic downturn and suffering from a declining order book.

The company was founded in 1796 and has supplied retail, trade and corporate customers from across the UK.

Former clients include Sir Walter Scott, King George IV and Charles Dickens.

Joint administrator Colin Dempster said: ďWe received a significant amount of interest in Cockburnís and are pleased to have concluded a successful sale in a short timescale. To have safeguarded the historic name of Scotlandís oldest wine wholesaler is a great result.Ē




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Reasons to be cheerful

I would like to think my outlook on things is generally optimistic. Perhaps that’s a natural consequence of working with something designed to give pleasure. But recently it has become increasingly difficult to ignore a creeping sense of negativity pervading the British wine trade.

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