Beer-Ritz is back after management buyout

28 March, 2011

Beer-Ritz and Beer Paradise, which stopped trading earlier this month due for legal reasons, are back in business following a management buyout.

Shop manager and OLN columnist Zak Avery has coordinated the deal, which will see the Leeds shop and the wholesale division continue trading.

Writing on his blog, Avery said the buyout had been achieved in partnership with the company’s operations manager.

“We made an offer for the entire company (shop, wholesale and mail order), which was accepted. We are going to continue trading, honouring all existing debts and liabilities, and are going to carry on and build an even more successful business, buying and selling great beer to businesses and consumers across the UK and beyond.

“We are incredibly grateful for all the understanding and offers of support that people have given us. It's often implied that the beer business is friendly and gentlemanly, but to have it demonstrated so freely and generously is a humbling experience.”




Bookmark this


Site Search

COMMENT

Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter