Jeroboams Group Acquires Davy’s Wine Storage Facility

20

Jeroboams Group expands fine wine storage by acquiring Davy’s facility, enhancing service and market position while ensuring exceptional care for clients' collections.

Jeroboams Group Expands Its Fine Wine Storage Services

The Jeroboams Group has made headlines with its recent acquisition of Davy’s storage facility. This strategic move enhances Jeroboams’ position in the fine wine and private client market. Founded in 1985, Jeroboams has consistently sought opportunities to grow its business.

The acquisition includes Davy’s fine wine storage, broking, and En Primeur services. This transition aligns with Jeroboams’ commitment to providing exceptional service to its customers. Moreover, it reflects the company’s ambition to expand its private client, on-trade, and wholesale divisions.

As a result of this acquisition, Jeroboams will become the recommended storage provider for Davy’s customers. This partnership is expected to benefit both companies and their clientele. Jeroboams aims to ensure that customers receive the highest level of service and care for their wine collections.

A New Era for Davy’s Wine Merchants

Davy & Co, a family business with a rich history of 154 years, is undergoing significant changes. While Davy’s will continue to supply fine wine to trade and private customers, it will divest its private customer wine storage business. This decision marks a pivotal moment for Davy’s as it realigns its focus on core operations.

James Davy, the fifth-generation chairman, expressed confidence in Jeroboams’ capabilities. He believes that Jeroboams is well-equipped to handle the storage needs of Davy’s customers. The partnership will ensure that customers’ wines are stored securely and cared for meticulously.

Furthermore, Jeroboams’ extensive expertise in the wine industry will provide additional support to Davy’s clientele. This collaboration is expected to enhance the overall customer experience. Both companies share a commitment to exceptional customer service, which will be beneficial moving forward.

Jeroboams’ Growth Amidst Market Challenges

Despite facing challenging market conditions, Jeroboams has managed to expand its operations significantly. The company recently opened its tenth shop on King’s Road in Chelsea. This milestone reflects Jeroboams’ resilience and determination to grow in the fine wine sector.

Additionally, Jeroboams’ buying team received the prestigious International Wine Challenge’s Buying Team of the Year award. This recognition highlights the company’s dedication to quality and excellence in the wine industry.

Moreover, Jeroboams has formed new agency partnerships with several notable wine producers. These partnerships include Achaval Ferrer, Harrow & Hope, and Kelly Washington Wines, among others. By expanding its portfolio, Jeroboams aims to offer a broader range of fine wines to its customers.

In conclusion, the acquisition of Davy’s storage facility marks a significant step for Jeroboams Group. It not only strengthens its position in the fine wine market but also enhances its service offerings. As both companies move forward, their shared commitment to customer satisfaction will undoubtedly lead to continued success.

Photo by Jamie Street on Unsplash

Source: Harpers – Jeroboams Group acquires Davy’s storage