Dear Friends, Valued Clients and Partners of Cult Wines,
In the midst of this unprecedented challenge we all now face in both our business and private lives, we at Cult Wines wanted to take this opportunity to extend our support to you during this difficult time.
Here at Cult Wines, like many of you, we’ve been facing each day as it comes, trying to re-assess and react positively during this escalating crisis. Over the course of this week, we have implemented working from home across our entire UK workforce, as well extending that option to our teams in Singapore, Hong Kong and Shanghai. Seemingly as one storm started to clear and we were preparing to announce the re-opening of operations in China, the storm clouds were gathering back home, and we now face the same challenges as our colleagues in Asia.
We believe that as a business we have very solid foundations, and whilst this is undoubtedly going to be a testing time for us all, we are extremely confident in our ability as a business not only to survive this period, but to grow. We are very fortunate to enjoy dedicated support from our banking partners, and as some of you may have seen, we were pleased to announce this week a substantial 7 figure funding package with HSBC for the continued growth of the business. This means that as our partners and clients, you can be assured that we have the financial strength to continue working effectively during this period.
The temporary closure of our UK office does not mean our business activities will be interrupted in any way. All our staff have full working capabilities and will be on hand to assist you in any way possible. We also believe that the next few weeks will present us with some unique opportunities, and we will endeavour to take full advantage on your behalf. Undoubtedly the resilience of fine wine as a safe haven asset class will be fully tested and we hope that we can be a source of relative calm in otherwise choppy waters.
Most importantly we hope that you and your families remain safe and healthy.
Tom Gearing & Phil Gearing
CEO & Chairman - Cult Wines
