Wine store opening

Grapevine boss David Margulies

Grapevine boss David Margulies

The owner of a new kosher wine store in Hendon believes his market will be unaffected by the credit crunch.

Speaking after the opening of The Grapevine, David Margulies said: “A lot of premium wines have come down in wholesale price and we have been able to pass on that discount to our customers.”

Located in Bell Lane, The Grapevine fills a gap in the market created by the closure of Amazing Grapes.

“About five months ago the opportunity came to take over the store and it held an appeal as we were looking to expand our operation,” Mr Margulies explained.

“We have a store in Stamford Hill but realised there was another major community.”

    Last updated: 10:35am, February 26 2009