HwCg UK goes into administration

19 August, 2009

HwCg UK has gone into administration with another British importer and agent, PLB, buying the company assets from the administrator

After weeks of intense speculation in the UK wine trade, the directors of HwCg UK have announced that the company has gone into administration.

In a formal statement released by the company, it says the decision had been driven by financial issues arising from their associated companies in Australia. Ironically, HwCg UK says it has been trading strongly.

PLB, another leading UK importer, brand owner and agency, has been in discussions with HwCg for some time and has bought the company assets from the administrator.

The hope is to maintain continuity of supply for all customers and suppliers. PLB also aims to take on personnel from HwCg.  The companies’ portfolios are said to be “an extremely good fit, having complementary supplier bases”.





Comment

Christian Davis

Drinking Danishly

So, Danish brewer is spending £15m on revitalising its flagship Carlsberg Export brand (see news story) and at the core of activity is emphasising the company’s Danish origins.

Click for more »

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