Disposal of Friarwood Wine
HMT LLP led by partner Ian Barton and tax director Holly Bedford has recently advised the shareholders of Friarwood Limited (“Friarwood”) on its business and assets disposal to a private Canadian buyer.
Established in 1967 by the late Peter Bowen, Friarwood established itself at the forefront of the fine wine market in the 1970s and 1980s sourcing directly from the great Bordeaux houses and was recognised as one of the most dynamic independent wine merchants in the UK. With its roots in the fine wine market, Friarwood cellared on with enviable stock of fine wines from several of the elite Chateaux such as Lafite, Montrose, Beychevelle and Pavie. The business established its reputation trading with many of London’s renowned restaurants, hotels and bars as well as the major airlines and international merchants.
Friarwood’s portfolio has continually evolved to keep the company at the forefront of UK wine trade with a current selection of over 100+ producers from across the world.
HMT LLP led by partner Ian Barton provided corporate finance advice to Friarwood’s shareholders and director and assisted them through the probate and sale of the business.
Isabelle Bowen commented,
“My husband and I thoroughly enjoyed our 47 year journey of starting, building and developing the Friarwood brand, but the time is now right to pass on the baton. I am very grateful for the guidance, skill and leadership Ian has brought to this transaction which has enabled us to achieve the families’ objectives in a timely manner.”
Ian Barton commented,
“Peter and Isabelle Bowen established and developed Friarwood as a business that in 1974 broke the mould of sourcing fine Bordeaux directly from the elite chateaux and grew the business both as a Bordeaux specialist but also developing new producers over 47 years. They built an enviable on-trade clientele as well as becoming a destination vintner from their Parsons Green retail shop.
Following Peter’s passing in 2014, it was a pleasure to have helped Isabelle achieve her aim of transitioning the business and its fine wine stocks to new owners to continue the Friarwood tradition.”