Cellaret customers may lose Bordeaux 2005
- Thursday 14 June 2007
Ownership of the wines may be disputed as the Cellaret’s two secured creditors – Euro Sales Finance and General Capital Venture Finance – may claim that the en primeur orders are part of the company’s assets.
‘We are getting advice from our solicitors over who has title to these wines,” Lisa Jenkins, the liquidator at the Macdonald Partnership, told decanter.com.
Jenkins also said 'a lot' of the money paid by customers to Cellaret had been passed onto the Bordeaux négociants which supplied the wine. She could not be more specific than that.
Previously Ray Dutton, CEO of the Cellaret had assured decanter.com that wines bought en primeur were safe.
The company went into liquidation on 29 May with a deficiency of £550,000 owed to some 60 creditors. This does not include en primeur sales. It is uncertain how much en primeur wine was sold by the Cellaret previous to the collapse.