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News roundup--Berry Bros and Rudd, Peacocks
By Direct Commerce | Publication date: 09/02/2012 | Category: News
Online revenues at wine merchant Berry Bros & Rudd (BBR) grew 72 percent in 2011, reaching £25 million. The figure, generated via the company’s website and its Berrys’ Broking Exchange service, represents BBR’s best ever year for online sales. The majority of the growth was delivered by Berrys’ Broking Exchange, a service that enables customers to trade the wines they hold in BBR’s UK bonded warehouse.
Four companies are still in the running to acquire Peacocks out of administration, reports the Western Mail. According to various reports, the bidders include textile tycoon Alshair Fiyaz and Edinburgh Woollen Mill.
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