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Berkmann reveals £14m expansion drive

Published:  16 May, 2019

Berkmann Wine Cellars has secured £14 million of backing from HSBC UK to support its overseas expansion plans.

Berkmann, which is seeing year on year growth of 8%, said it will use the funding to provide “more flexibility and scope to grow sales from a solid financial platform” and “establish a presence in international markets, where the wine industry is growing fast”.

It also said the financial backing would help support the company’s ambitions to “respond to the needs” of larger retailers.

HSBC had “really taken the time to understand our business, the people in the business and our needs for the future,” said Rupert Berkmann, director at Berkmann. “We want to continue our focus on adding value by selling recognised brands and delivering exceptional service. This deal means we are now in a strong financial position to do so.”

Robert Mitton, relationship director for HSBC UK corporate banking, said Berkmann Wine Cellars is a “long-established and successful business with an excellent reputation and a consistently strong financial performance. We’re delighted to have the opportunity to work with the business to help Rupert build on the business’s strong foundations.

“We have established a great relationship with the team in a short space of time, which has given them the confidence to know that we are here to support them with their growth ambitions.”