Jascots Wine Merchants in management buyout

11 April 2016

On-trade supplier Jascots Wine Merchants has undergone a management buyout.

A controlling stake has been acquired by managing director John Charnock and sales and marketing director Miles MacInnes (pictured, L-R). Founder Jack Scott will continue to have a role in the business, as non-executive director, and retains shares too. MacInnes and Charnock will have an equal parnership in the company, both with the title managing partner.

'The plan is to keep going in the direction we have set over the last four years, focusing on delivering amazing wines to the restaurants, hotels and caterers of London and the UK with the best customer service in the industry,' said MacInnes, who has been in his role for five years, and at the company for ten years. 'We have enjoyed our most successful year yet in 15-16 and we predict 15% growth in 16-17.'

This is just part of the pair's plans for the merchant. While the company's direction will apparently stay the same, there are plans for steady growth, as well as 5% growth in the portfolio for the second consecutive year, with a focus on quality wines under £30 ex-VAT.

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