Louis Latour Agencies to expand product portfolio
Louis Latour Agencies, a UK-based importer of wines from family-owned wineries in Australia, Chile, New Zealand, South Africa and France, is to expand its portfolio by adding producers from Champagne and Spain.
Owned by a family-run company of Maison Louis Latour in Burgundy, the agent has reported double digit growth in 2012 and therefore plans to expand its business further to new regions.
Louis Latour Agencies managing director Dan Bolton told Harpers that the company is targeting Spain before Italy because of its high position in the on-trade.
"We're very selective when it comes to who we work with. It's not about chasing profit - we're looking for partnerships that will last for the next 25 years," he added.
The family-owned agent will sell wines from new family agencies and also sell reserves of quality wines from previous vintages.
Bolton told the website that they have to deal with a huge challenge of minimizing price increases on wines in Burgundy that range between 5% and 30%.
"We've been working really hard with the French to minimise increases, be creative and find alternatives where we can. But it's not easy," he added.