Thierry’s, the UK’s leading independent wine importer, has carried out a buyback of KWV’s shares in its business.
The “mutually beneficial” deal will allow both companies to “focus on core strengths”, Thierry’s said today (13 February).
Go deeper with GlobalData
“We have learnt a lot from our partnership with KWV and we are
delighted to continue our distribution arrangement with one of South
Africa’s largest and most consistent wine companies,” said managing
director Ged Welch. “We will continue to work closely with KWV and are
proud to continue to distribute their wines in the UK.”
Following the deal, Thierry’s shareholders, Ged Welch, Matthew
Dickinson, Lindsay Talas, Dominique Vrigneau and Hatim Dungarwalla,
will each own equal parts of the company.
Thys Loubser, CEO of KWV, described the restructuring of his company’s distribution in the UK as a “win-win situation”.
“With full ownership of the business in Thierry’s hands, we look
forward to a focused and dedicated service provider to represent KWV’s
strong portfolio in the UK market,” Loubser said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFinancial details of the deal were not disclosed.
