The largest Douro farm owner is buying the UK's oldest commercial vineyard The Symington Group, owner of Port wine brands such as Graham's, Cockburn's,
The Drinks Business
14 December 2020 By Arabella Mileham
Fine wine merchant Berry Bros & Rudd has toasted its best year in a decade, with group sales and operating profits hitting its highest point since 2010, according to accounts filed at Companies House, following a restructuring of the core business under its then executive chairman Lizzy Rudd.
In the year to 31 March 2020, underlying group sales rose £220.45m (before the accounting adjustment for en primeur sales), compared to £219m in 2019, while underlying group operating profit (excluding en primeur adjustment) grew a whopping 214% to £5.238m, up from £1.667m the previous year.
“However, with a revaluation loss of £3.3m on BBR’s UK property portfolio primarily due to the impact of covid-19 on year end valuations, the company recorded an overall loss for the financial year of £593,000, ”