UK: Waverley TBS enters administration
UK drinks supplier Waverley TBS has fallen into administration.
The company, which was formerly the wholesale unit of Heineken's Scottish & Newcastle arm, has seen two partners at Deloitte appointed joint administrators today (2 October). UK on-trade publication M&C Report claimed earlier today that Waverley's main rival in the UK, Matthew Clark, may look to buy the distributor.
Daniel Butters, leader of the restructuring services practice at Deloitte in the north-east, said: “WaverleyTBS is a prominent business within its industry and we are in negotiations with a number of interested parties who are keen to acquire the company.” Butters did not provide more specific details.
Based in Derbyshire, Waverley employs around 830 staff across the country.
To read Deloitte's statement, click here.
To view Waverley's full drinks portfolio, click here.
Heineken last week announced plans to build a 1.5m-litre capacity brewery in Ethiopia, which, with the second-largest population in Africa, is a major focus for international brewers....
- Whatever happened to binge Britain? - comment
- How to turn a domestic spirit into a global brand
- The dangers of squaring up to your competitor
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- Sidney Frank CEO to head Clooney's import co
- Diageo sells off United Spirits' Bouvet Ladubay
- Captain Morgan distillation trial queried by USVI
- Irish whiskey brands could fail without bulk
- Sazerac sues Brown-Forman over Tennessee Fire
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts