16/08/2026
A major milestone for our company this week…
The Cru World W**e ownership offer (‘IPO’) closed successfully following a fantastic reception from clients and new investors.
227 investors from 15 different countries acquired US$1.43 million worth of new shares - with many new owners being long-term platform users. Our Asian client base was especially well represented.
Our new owners will start enjoying their benefits and incentives shortly. They will be the first to receive our new prestigious Gold Collector premium status.
But of equal importance is the creation of a new community of fine w**e collectors and industry professionals who will now guide our development and share in the value we create together.
There is a lot of work to do in fine w**e. The top 15 UK w**e merchants (alone) lost almost £20 million in the last reported period (not Cru World W**e, we are pleased to report, which was profitable). Producers increasingly complain of poor service and lack of value for money from the distribution chain. We believe that producers are asked to give up far more of their precious margin than is necessary to promote and place their w**es.
Collectors also pay far more than they should to buy and sell w**e - and they continue to endure a painfully illiquid market with trading spreads absurdly wide. We are going to address these problems head on and build a better future for fine w**e.
The Cru World W**e marketplace is already the world’s largest, with a combined US$300 million+ in total live bids and offers. We have an additional US$150 million of inventory in direct custody across the industry’s widest network of warehouses and logistics facilities – stretching from San Francisco to Singapore.
We have already demonstrated how technological innovation can improve efficiency and drive down trading costs. But that was just the start. Cru World W**e will now embark on a major expansion of services for both private collectors and companies to re-imagine what fine w**e trading and distribution can, and should, be.
Our new suite of tools and locations will enable everyone in fine w**e to buy, sell, store, transfer, deliver, and finance far more efficiently and cost-effectively than ever before. We will transform Cru World W**e into a neutral and networked marketplace for everyone to use. This will enable producers to keep much more of the selling price of their w**e and will similarly facilitate the desperately needed reduction in costs throughout the supply chain.
Our 227 new owners will have privileged seats on the train, directly benefiting from the value we are going to create. But everyone involved in fine w**e - from the smallest private collector to the most prestigious producer and largest inventory holder - will benefit from the low-friction, highly efficient networked marketplace we are going to deliver for fine w**e.
