Flint Wines seals deal to buy Domaine Direct
Fine wine supplier Flint Wines has paid an undisclosed sum to buy the specialist Burgundy importer Domaine Direct.
The company said the acquisition would create “what promises to be one of the most in-depth Burgundian lists in the UK”.
Discussions had been taking place about the deal since last autumn.
Existing Domaine Direct staff will relocate to Flint Wines’ office in Kennington, south London, from the West End.
Domaine Direct was founded by Hilary Gibbs in 1981.
Flint Wines’ Burgundy buyer Jason Haynes said: "I had known Hilary since the early 1990s when, in my formative years in the wine trade, I used to buy wines from her for [London restaurant] Le Pont de la Tour.
“She had great names on her list then and the list today is even more impressive.
“She enjoyed mutually respectful relationships with all her growers, many of whom she worked with for almost 40 years.
“It is such a great opportunity. We were already so privileged to work with the great growers that we do, and I am beyond excited about working with these new producers.
“For once I am relishing writing our new trade list, which we hope to release in the autumn and which should read like an A-Z of top producers, providing a fitting legacy to Hilary's great work.
“Last year we invested in people and a new IT system, so, strategically, it feels very much like the right time to be investing in such a venture, despite the damage caused by Covid-19.
“We can take inspiration from the past to build an exciting future.”
Flint Wines said it doubled turnover in the past three years and expected revenue to be around £14 million for the current financial year which finishes at the end of June.