Vintage Wines employees on trial for fraud
After investigation by the Serious Fraud Office (SFO) five employees of a St Albans wine company are go on trial for conspiracy to defraud.
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Investment company Bordeaux Advisory disappears
Wine investment company Bordeaux Advisory has disappeared leaving investors chasing hundreds of thousands of pounds worth of wine that had been bought at ten times its real value.
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PMH Wines latest UK merchant to default on en primeur Bordeaux
Wine merchant PMH Wines Ltd has become the latest UK merchant to fail to pay Bordeaux négociants for en primeur wines.
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Cellaret: £350k of en primeur 2005 orders lost
Collapsed UK wine merchant The Cellaret failed to pay Bordeaux negociants for 2005 en primeur ordered and paid for by their customers, it has emerged.
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Evans and Tate into receivership
Evans & Tate, Australia’s sixth largest producer has called in the administrators.
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Fraudsters hit French producers
Chateau de Marmorieres in La Clape has become the latest victim of major fraud, with the theft of 18,000 bottles worth €50,000 (£34,000).
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New Evans & Tate deal could end saga
The long running Evans & Tate saga looks set to end following the announcement that a legally binding restructuring agreement has been signed.
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Evans & Tate courts two potential saviours
After the collapse of a restructuring deal with bankers ANZ, struggling Australian producer Evans & Tate is being courted by two potential rescuers.
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Uvine creditors set to get most of their money back
Proposals sent out to Uvine creditors last week offer them the chance to get 95% of their money back.
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Uvine: prosecutions to follow?
Uvine directors could face criminal prosecution on nine counts of financial misconduct following a recent administrators’ report to creditors.
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Merchants On High Alert
After two wine merchants went bust last year, buyers of en primeur in 2007 need to make sure they safeguard their assets, says Jim Budd
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En Primeur buyers may NOT have right of return
EU regulations that allow En Primeur buyers to return their wine and demand a refund are under review and may be changed.
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Cellaret customers may lose Bordeaux 2005
Customers who bought Bordeaux 2005 en primeur from collapsed wine merchant the Cellaret, still do not know whether they will get their wine.
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London wine merchant Cellaret collapses
London fine wine merchant The Cellaret will be put into liquidation next week.
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ANZ takes over Evans & Tate
ANZ Bank is to take a majority stake in struggling Australian wine producer Evans & Tate.
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Evans & Tate reject Yarraman bid
The board of Australian winery Evans & Tate today rejected the Yarraman Winery merger bid.
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Decision near in Evans & Tate-Yarraman takeover
Two months after Yarraman Winery first launched its bid to take over Evans & Tate a decision appears finally in sight.
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Yarraman rejects Evans & Tate bid
Australian wine group Evans & Tate has today turned down the takeover bid from Yarraman Winery.
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Evans & Tate-Yarraman takeover sparks intense interest
Australian wine industry-watchers are waiting with increasing interest to see if Yarraman’s multi-million dollar bid for Evans & Tate succeeds.
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Audacious multimillion pound wine fraud targetted US doctors
Two UK company directors have been disqualified for 15 years for their part in an ingenious £80m wine and spirit investment scam targeting American doctors.
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Uvine directors bid for collapsed company
Two parties have emerged as favourites in the competition to take over collapsed wine fund Uvine – including the company’s three directors.
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Prosecution possible for Uvine directors
There may be criminal prosecutions following the collapse of Uvine in September.
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'Criminal conduct' at Uvine suspected
Investigators into the Uvine collapse suspect criminal conduct, decanter.com has learned.
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Uvine collapses with £2m debt
The wine exchange Uvine is in the hands of administrators with debts believed to be in the region of £2m.
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Mayfair Cellars- Is your wine safe?
Following the collapse of Mayfair Cellars amid claims of fraud, collectors are concerned about how their wine is stored. Jim budd looks into what went wrong at Mayfair and asks whether merchants are doing enough to ensure their customers’ wines are safe��
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Mayfair Cellars: creditors uncertain of fortunes
Customers of the collapsed wine merchant Mayfair Cellars are facing mixed fortunes as further issues come to light.
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Finance director looted Mayfair Cellars [updated 13 July]
The finance director of collapsed Mayfair Cellars systematically looted nearly £1m of customers’ wines, passing the money he made onto his partner, an official report says.
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Top Loire wines go into screwcap
One of the best estates in the Loire has sent shockwaves through the wine establishment by moving its entire production to screwcap.
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Government U turn infuriates pensions industry
See slso The decanter.com guide to wine and Sipps In his pre-budget statement in the House of Commons yesterday the Chancellor Gordon Brown appears to have slammed the door on putting wine into SIPPs (Self Invested Personal Pensions).
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SIPPs FAQs
General questions What exactly is a SIPP? What is A-Day? What is pensions simplification? What will simplification mean for me as an ordinary person? What are some of the main changes? How does it compare to my company pension? I have heard that I can put all sorts of assets, including wine, into a pension in future. Is this true? Do I need to use a financial adviser? How can I find a good adviser? Who sells SIPPs and how much do they cost? Is there a list of SIPP providers? Can I get tax relief on my pension investments? Wine-related questions Is wine free of Capital Gains Tax? What is the benefit of putting wine into a pension fund? What are the drawbacks of putting wine into a pension fund? Can I put wine I already own into a pension? Can I use wine from my pension when it's ready for drinking? Is wine a good investment for a pension fund? Will all SIPPs providers accept wine from A-day? How can I buy wine for a SIPP? Where can I buy wine for a SIPP? If I buy from a merchant not linked to my SIPP provider will there be a charge? How will the wine in my SIPP be valued? I hear that the price of fine wine is currently going through the roof. Is this correct? Which wines should I put into my SIPP? What about en primeur? How will the Inland Revenue define ‘fine wine’? What about investing in a wine fund? So what are the dangers? What should I do before A-Day? Useful websites
