The deal involves London City Bond storing all of Armit’s trade stock at its bonded warehouse in Barking and distributing product nationwide. A portion of Armit’s private reserves will also be stored at London City Bond’s Vinoteque facility in Staffordshire.
Ian Ronald, managing director, Armit, said: “We are delighted to enter into a contractual partnership with London City Bond, who we believe have the complete solution to our UK logistics requirements.”
Jeff Stanton, non-executive Chairman at London City Bond, added: “Our contract with Armit represents our eighth new client win, during the last year and to secure a contract with one of the UK’s most prestigious fine wine companies further reinforces our reputation as the first choice logistics provider for the fine wines and spirits market.”
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