BBX Expands Into Another Major
Field—Wine
Few things in this world are as succinctly simple yet delightfully complex as
wine—or as old.
The act of pouring a glass of wine, inhaling the bouquet, sipping the elixir,
and savoring the taste is a satisfying and hedonistic treat that has captivated
mankind since the dawn of civilization.
Business Barter Exchange (BBX), one of
Australia’s largest barter companies, is expecting wine trading to
become a significant new income stream for the company. Michael
Touma, Managing Director, says they are establishing a wine fund to
expand trading among their members nationwide, as well as exporting
wine to BBX franchisees elsewhere around the world.
BBX expects to provide a minimum of $5 million,
and possibly up to $10 million, in premium wine inventory to its
members on a full-trade basis in the coming year.
Editor’s note: In our April 4 Tuesday
Report, we related BBX’s formation of a real estate fund for
property acquisitions that would be used to acquire desirable real
estate in Australia and New Zealand. (Click
here to read more.)
