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Fine wine merchants merge

Published:  22 March, 2010

London based fine wine merchant Goedhuis & Co has bought Suffolk based David Roberts Domaines.

Founder of the newly acquired company and former buying director at Berry Brothers & Rudd, David Roberts MW, will become a director.

The business focusses on specialist private clients and the classic wines of France and in particular, Bordeaux, Burgundy and the Rhone. It will have offices in London, Suffolk and Hong Kong and storage in Northamptonshire

Chairman of Goedhuis & Co. Johnny Goedhuis said: "The prospect of an exceptional 2009 Bordeaux vintage and the impact that will have on wine sales makes the timing of this acquisition perfect as we create a powerhouse of buying talent and benefit from an enlarged customer base.

David Roberts, said: "With the growing demand throughout the world, fine wine is becoming an increasingly popular form of investment, offering investment diversification as well as the opportunity for positive tax free returns. Goedhuis & Co.'s Hong Kong office provides a timely platform for David Robert's wine investing service as the Far East continues to dominate the fine wine market."