Cellaret buys Wine Portfolio

Published: 23 July, 2008

Fine-wine merchant The Cellaret has bought the importing and wholesale company Wine Portfolio.
The Cellaret's business is based on some agencies and selling fine wine to private clients, whereas Wine Portfolio concentrates on the on-trade. Ray Dutton, managing director of the combined company, said the two companies are a perfect match, with virtually no overlap at all'.
Jeremy Randall, formerly managing director of Wine Portfolio, will join the board of the combined company. All other staff have been retained. The Cellaret has also moved its London base to the Wine Portfolio offices in Farringdon.

Fine-wine merchant The Cellaret has bought the importing and wholesale company Wine Portfolio.

The Cellaret?s business is based on some agencies and selling fine wine to private clients, whereas Wine Portfolio concentrates on the on-trade. Ray Dutton, managing director of the combined company, said the two companies ?are a perfect match, with virtually no overlap at all?.

Jeremy Randall, formerly managing director of Wine Portfolio, will join the board of the combined company. All other staff have been retained. The Cellaret has also moved its London base to the Wine Portfolio offices in Farringdon.

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