A shareholder in Buckingham Vintners has upped its stake in the UK wine agent.

The company confirmed yesterday (10 January) that Schenk Holding of Switzerland has increased its holding. Specific details of the move were not disclosed.

"This further investment will be very useful in allowing us to give better value to our suppliers and customers in both the own-label and branded sectors," said Cliff Roberson, Buckingham's chairman.

Schenk is a pan-European organisation with wine production and distribution facilities throughout the continent with annual sales exceeding 16m nine-litre cases, the company noted. The group initially bought into Buckingham in 1994.

Buckingham represents a stable of wines from producers including Chile's San Pedro and France's Maison Francois Martenot.