Thierry’s has been placed into administration. The company, which was established by Thierry Cabanne in 1981, was sold in October to investment firm KKVMS. Sidcup-based Abbot Fielding has been appointed to handle the administration and creditors may have to wait up to two months to discover whether they will recoup any cash. Thierry’s former managing director Hatim Dungarwalla said he could not comment on the size of the debt.

The new owner of Thierry’s said it is feels “no moral obligation” to repay debts to suppliers left out of pocket by the importer, but it is willing to negotiate.  The business was bought by investment firm KKVMS, which is headed up by Richard Baizley, last month and now operates as Watermill Wines. Talking to OLN, Baizley said: “We didn’t want to call (the purchase)…

The new owners of the Thierry’s wine shipper will place heavy emphasis on its core business of selling Old World wines to the multiple off-trade. Industry speculation about the future of Thierry’s ended with the company being bought by an investment fund called Key4Performance, which will operate the importer under the new name Watermill Wines. It will be based at Thierry’s Romsey, Hampshire, offices, and…

Thierry’s has made two appointments in its management team. Martin Horner, former head of sales at Organix Brands, has joined the senior management team as sales director, reporting to managing director Hatim Dungarwalla. He will work closely with marketing director Matthew Dickinson and buying directors Lindsay Talas and Dominique Vrigneau, and will head up Thierry’s team fo national account managers. Horner said: “I have a…