Royal Family's wine merchant to post first loss in recent memory

14 October, 2013

Berry Bros & Rudd is set to post a pre-tax loss of £7.3 million for the 2012-13 financial year as the 315-year-old wine merchant prepares to overhaul its business.

The Queen’s vintner will show that turnover also dipped 16% to £138 million in the year to March 31.

In the 2011-12 financial year BBRB posted a £1.4 million profit.

The financial accounts, due to be filed at Companies House this week, will show that it posted around £4m of exceptional items after an ongoing legal battle with its former wine distributor in Hong Kong.

As part of its overhaul the firm has also purchased wine agency Richard Walford & Co for £7 million and invested £3 million in opening fine wine companies in Asia.




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Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

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