UK drinks giant supplying Tesco and Asda crashes into administration
A major UK alcohol wholesaler has gone into administration, after the company reported losses of more than £21.1 million. The company, the UK subsidiary of the Luxembourg-based company, after nearly 27 years in business.
TL;DR
- Amber Beverage Group UK has gone into administration, ceasing trading after nearly 27 years.
- The company reported losses of over £21.1 million for the year ended December 31, 2024.
- ABG UK supplied popular wine, beer, and spirit brands to major UK supermarkets including Tesco, Asda, Sainsbury's, Waitrose, and Co-op.
- The majority of the company's 27 employees have been made redundant.
- Unsuccessful attempts were made to sell the business as a going concern before administration.