Wine firm Montevino Partners Ltd collapses with million-pound debts
One investor paid £76,000 for Barolo that never arrived...
Jim Budd moved from education to wine in 1988 and has written for Decanter since 1989. He is the former editor (1991-2015) of Circle Update, the newsletter of the Circle of Wine Writers. He writes the award-winning www.jimsloire.blogspot.com and is one of the five members of the Les 5 du Vin blog. Budd exposes the dangers of drinks investment on his award-winning www.investdrinks.org website, and complementary www.investdrinks-blog.blogspot.com blog. He also contributes to Hugh Johnson’s Pocket Wine Book, Wine Behind the Label and the Academie du Vin. Budd is a keen photographer – especially in the Loire.
One investor paid £76,000 for Barolo that never arrived...
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Leading Loire winemakers François Chidaine and Jacky Blot have been banned from vinifying their Vouvray wines in the neighbouring commune of Montlouis.
UK firm APW Asset Management Ltd (APW), which sold Australian wines for investment and capital growth using high-pressure sales tactics, was wound up by the High Court in Manchester on 25 March.
France's financial markets authority has fined collapsed wine investment firm Heracles, previously called 1855.com, and its president a total of 350,000 euros for misleading investors.
A trademark dispute between France's Champagne trade body and the critic known as 'Champagne Jayne' is set to return to court after the two failed to agree a settlement.
Loire Valley winemaker Nicolas Joly has said he will withdraw his vineyard of the La Coulee de Serrant from the region's wine trade body after accusing the group of failing to respect organic and biodynamic wine producers.
Consumers owed money and wine by collapsed European Fine Wines Ltd in the UK have been targeted by fraudsters posing as both the company’s directors and its liquidator, while London's High Court has ordered another wine investment group to be wound up.
Troubled French online wine merchant Heracles, formerly 1855.com, has been forced into liquidation after a major investor withdrew support for its recovery plan.
The wine critic and educator known as Champagne Jayne is due in court later this month after France’s Champagne trade body accused her of misleading the public.