22 Jul, 2022 @ 14:15
1 min read

Top winemaker in Spain opens UK subsidiary to serve key export market

Top winemaker in Spain opens UK subsidiary to serve key export market
Grupo Marques del Atrio image

Grupo Marques del Atrio has opened a UK subsidiary in a bid to grow the Spanish winemaker’s sales in its second-biggest export market.

The company wants to account for 10% of the UK’s Rioja sales and expand the range of wines it sells in the country to take in denominations such as Navarra and Ribera del Duero.

UK subsidiary director, Marie Knight, said: “Spain is a highly-valued market in the United Kingdom and having great wines not only from Rioja but from the main Spanish denominations of origin offers us the potential to reach an increasingly demanding segment of consumers.”

The London office is Grupo Marques del Atrio’s third international site.

It also has subsidiaries in the US and China and is looking to expand to Canada and Mexico.

Grupo Marques del Atrio, established in 1889, is forecasting a turnover of around €60 million this year.

A spokesperson said that prior to the Covid pandemic, annual turnover was above €40 million.

He added that ‘in two or three years’, the company wants to see exports account for almost 60% of its sales volumes, up from its current level of 40%.

Germany is currently Grupo Marques del Atrio’s largest export market.

READ MORE:

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

House sales in Spain dropped by 4.6% in the first half of 2024, new figures show
Previous Story

Madrid pledges boost for under-35 first time property buyers with 95% mortgage offer

Elderly Driver Knocks Over Pedestrian And Then Drags Police Officer Along Ground On Spain's Costa Blanca
Next Story

Elderly driver hits child and drags police officer along road amidst chaotic scenes on Spain’s Costa Blanca

Latest from Food & Drink

Go toTop

More From The Olive Press