In a move that reinforces the UK’s central role in the global wine trade, leading fine wine merchant Bordeaux Index is moving its entire stock to a new, state of the art storage facility.
The move guarantees future capacity for increased stockholding and client reserves and signals BI's intent to continue their expansion in the fine wine market.
Under the terms of the long-term deal with Octavian, all the wine stored by Bordeaux Index will soon be moved to the new high-tech, high-security site at Colerne in Wiltshire.
To ensure the wine matures in the best possible conditions, the heavily insulated site boasts cutting edge technology to control temperature and humidity and eliminate UV light. In addition each case is logged and barcoded on receipt making every case individually traceable.
“It’s hard to over-emphasise the cutting edge nature of the new facility,” said company founder and managing director Gary Boom. “The storage conditions and service standards are nothing short of outstanding – it significantly raises the bar for the entire industry.”
Strategically, the decision to move to the new facility from the Corsham underground cellars – reinforces Bordeaux Index’s central role in the trade of fine wine.
“As we continue to grow, it’s important for us to have increased access to the best possible storage conditions for our clients’ reserves,” said Gary Boom. “This new facility offers unprecedented levels of service, growth capacity and physical and financial security.
“It is great news for our customers, but it’s also a shot in the arm for the sector. While the wider market continues its focus on key, growth markets in Asia, opening up a site like this reinforces the point that the UK is still the fulcrum for the global industry.”
About Bordeaux Index
Since launching in 1997, Bordeaux Index is now one of the largest fine wine merchants in Europe.
- Founded by South African-born Gary Boom, Bordeaux Index has grown rapidly on the back of its informal, unstuffy approach and now employs over 40 staff operating from offices in London’s Hatton Gardens, Hong Kong and Singapore LiveTrade – the online wine trading platform launched in 2009 – tracks live changes in the prices of 80-100 of the most liquidly traded wines on its market-making screen. Bordeaux Index’s range of services now includes luxury wine tours, Michael Schuster’s Wine School and wine storage.
1 September 2012 - Felicity Murray