Premier Cru investors transferred to Cult Wines Ltd (from investdrinks blog)

Pass the portfolio:
More bad news for the now hard pressed wine investment sector – Premier Cru Fine Wine Investments Ltd, 'Europe's Leading Fine Wine Investment House' and perhaps the longest established wine investment company (since 1995), is winding down its business and transferring its clients to Cult Wines Ltd. (See letter from Premier Cru: 31st July 2014 below).

Once again this development appears to underline the benefits of having your own account at a bonded warehouse with investors having control over their  wine. Instead those investors, who had a portfolio with Premier Cru, now find themselves passed over to Cult Wines Ltd. 

See the rest of this post here on my investdrinks blog