Breaking News – The fine wine merchant, Sarment, which is dubbed as “Asia’s fastest-growing luxury wine and spirits business”, is shutting down its business in mainland China, Hong Kong, Singapore and Japan.
Less than two years ago the company was bought by Paolo Bulgari.
Founded in 2009, Sarment is known for its fine wine portfolio and its expansive on-trade distribution network. Among many prestigious wineries, it was importing these Italian brands:
- Albino Rocca
- Benanti
- Buglioni
- Ferrero Federico
- Gaja
- La Stoppa
- Paolo Scavino
- Piandaccoli
- Podernuovo a Palazzone
- Querciabella
- Roagna
- San Polino
- Sordo
- Tenuta di Valgiano
The news of this sad closing confirms once again the difficulties of the “on-trade” channel. In fact, Sarment is a respected company, with a fine portfolio and certainly vast financial resources.