Miles MacInnes (sales and marketing director) and John Charnock (managing director) have announced the acquisition of a controlling stake in Jascots Wine Merchants from Jack Scott, who retains shares and a role in the business. The new ownership will be an equal partnership between Charnock and MacInnes.
"The plan is to keep going in the direction we have set over the last four years, focusing on delivering amazing wines to restaurants, hotels and caterers with the best customer service in the industry. We have enjoyed our most successful year yet in 2015/16 and we a predict 15% growth in 2016/17" said, MacInnes.
Charnock and MacInnes will both hold the title of managing partner, with Charnock managing finances and MacInnes the marketing and product.
Following the MBO, Charnock and MacInnes made fellow directors Dipak Thapa (finance), Dean Hammond (operations) and Ben Scott (key accounts and events) partners in the business.