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Marie Brizard Wine Spirits: disposal of Porto Pitters Paris Stock Exchange:MBWS

Time:2019-08-01 02:08wine - Red wine life health Click:

Paris Stock Exchange:MBWS Marie Brizard Wine Spirits

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July 31, 2019 11:45 ET | Source: Marie Brizard Wine & Spirits


Paris, 31 July 2019

Disposal of Porto Pitters

Marie Brizard Wine & Spirits (Euronext: MBWS) announced today it has signed an agreement to sell the Porto Pitters brand along with its related business.

In accordance with the guarantees it gave to the French Anti-Trust Authority, Marie Brizard Wine & Spirits has entered into an agreement to sell Porto Pitters. Under this agreement, the trademark is being acquired by IDL (International Drinks Limited) while production, distribution and quality control will be taken on by QVB (Quinta & Vineyard Bottlers). Both companies are owned by the Portuguese group, The Fladgate Partnership.

The impact on the Group is not significant, as Porto Pitters accounted for just 0.4% of the Group’s net sales in 2018.

The completion of this transaction is subject to the final approval of the French Anti-Trust Authority.

Financial agenda
Marie Brizard Wine & Spirits will report its 2019 half-year results on 19 September 2019.

Marie Brizard Wine & Spirits produces and sells a range of wine and spirits across four geographic clusters: Western Europe. Middle East & Africa. Central and Eastern Europe. the Americas. and Asia-Pacific. MBWS has distinguished itself for its know-how. the range of its brands. and a long tradition and history of innovation. From the inception of Maison Marie Brizard in Bordeaux. France in 1755. to the launch of Fruits and Wine in 2010. MBWS has successfully developed and adapted its brands to make them contemporary while respecting their origins. MBWS is committed to providing value by offering its customers bold. trustworthy. flavorful and experiential brands. The company has a broad portfolio of leading brands in their respective market segments. most notably William Peel scotch whisky. Sobieski vodka. Krupnik vodka. Fruits and Wine flavored wine. Marie Brizard liqueurs and Cognac Gautier. MBWS is listed on the regulated market of Euronext Paris. Compartment B (ISIN code FR0000060873. ticker MBWS) and is included in the EnterNext© PEA-PME 150 index. among others.

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