Marie Brizard Wine & Spirits: Completion of the sale of Sobieski Trade
November 15 2019 - 11:40AM
Marie Brizard Wine & Spirits: Completion of the sale of
Sobieski Trade
Paris, 15 November 2019
Completion of the sale of Sobieski
Trade
Marie Brizard Wine & Spirits
(Euronext : MBWS) today announced the completion of the sale
of its Polish wholesale business, Sobieski Trade, to the Polish
group United Beverages, following the approval of the Polish
Competition Authority as announced on November 7, 2019.
As announced on August 5, 2019, this sale is
part of Marie Brizard Wine & Spirits’ 2019-2022 strategic plan
which includes a review of its activities, particularly as regards
their ability to create long-term value for the Group. In this
respect, the sale of Sobieski Trade will allow the deconsolidation
of a loss-making entity from the Group with an accretive impact on
its EBITDA.
Financial calendarMarie Brizard Wine &
Spirits will announce its sales for both the fourth quarter and
2019 on February 13, 2020.
About Marie Brizard Wine & Spirits Marie
Brizard Wine & Spirits is a wine and spirits group based in
Europe and the United States. Marie Brizard Wine & Spirits
stands out for its know-how, a combination of brands with a long
tradition and a spirit resolutely turned towards innovation. From
the birth of the Maison Marie Brizard in 1755 to the launch the
Fruits and Wine in 2010, the Marie Brizard Wine & Spirits Group
has been able to develop its brands in a modern way while
respecting their origins. Marie Brizard Wine & Spirits'
commitment is to offer its customers trustworthy, bold and full of
flavors and experiences. The Group now has a rich portfolio of
leading brands in their market segments, including William Peel,
Sobieski, Krupnik, Fruits and Wine, Marie Brizard and Cognac
Gautier.
Marie Brizard Wine & Spirits is listed on
Euronext Paris Compartment B (FR0000060873 - MBWS) and is part of
the EnterNext© PEA-PME 150 index
ContactImage Sept Claire
Doligezcdoligez@image7.frPhone: +33 (0)1 53 70 74 70 |
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