The MD of the Antique Wine Company has said the firm is set to enter liquidation after efforts to revitalise its finances have failed.
Antique Wine Co (AWC) has been left in an untenable position following a drop-off in Bordeaux trading and in the aftermath of a failed lawsuit against the group over alleged fake wine, managing director Stephen Williams told Decanter.com last night (19 May).
After 26 years, we are going to put our company into a liquidation process, he said. Its heartbreaking for me to see this happen.
He said Andrew Tate, of Kreston Reeves, has been appointed administrator for AWC, which has traded in some of the worlds best and rarest wines over the last two-and-a-hal…
Read the full article at: http://www.decanter.com/wine-news/antique-wine-co-liquidation-301278-301278/