Wine company, under investigation, changes name

The Bordeaux Wine Trading Company,First Growth Investments News Wine News
  • Friday 27 June 2008

The Bordeaux Wine Trading Company, a wine investment company under investigation by UK police, has reappeared under a different name.

BWTC is being investigated by the Economic Crime Unit of Hertfordshire police.

It is understood that the company has not fulfilled orders totaling £362,312

placed with BWTC by 13 customers.

One client was sold a case of 2005 Pétrus for £19,000 – some £5000 below cost. The client was told another customer ‘needed cash quickly due to an expensive divorce’.

Now BWTC has reappeared in north London using a new company name: First Growth Investments (FGI). understands FGI is selling Bordeaux 2007 en primeur, such as 20 cases of Château Margaux at £2645 – the going rate – including five years storage and insurance. It is not known whether any orders have been placed.

First Growth Investments was registered as a new company name on 23 April 2008. It is not a newly-registered company.

William Boyd, 25, is its sole director but understands that Paul Craven, a former director of BWTC, was involved in negotiating the office lease.

The FGI phone is often answered in the name of the Bordeaux Wine Trading Company.

Wine News

Wine News

Daily wine news - the latest breaking wine news from around the world

Related Topics