TORONTO, March 29, 2017 /CNW/ - Corby Spirit and Wine
Limited ("Corby") announced today that it has entered into an
amending agreement with Pernod Ricard USA, LLC ("Pernod Ricard USA") to extend the term of the existing
distribution agreement between the parties to June 30, 2018. The amended agreement will be
effective as of July 1, 2017.
Pernod Ricard indirectly owns in excess of 50% of the issued and
outstanding voting common shares of Corby and is considered to be
Corby's ultimate parent.
Since the agreement with Pernod Ricard USA is a related party transaction between
Corby and Pernod Ricard, the agreement was approved by the
Independent Committee of the Board of Directors of Corby following
review.
About Corby Spirit and Wine
Corby Spirit and Wine Limited is a leading Canadian
manufacturer, marketer and distributor of spirits and imported
wines. Corby's portfolio of owned-brands includes some of the most
renowned brands in Canada,
including J.P. Wiser's®, Lot 40®,
Pike Creek®, and Gooderham & Worts® Canadian whiskies, Lamb's®
rum, Polar Ice® vodka and McGuinness® liqueurs, as well as Ungava®
gin and Cabot Trail® maple cream liqueur. Through its affiliation
with Pernod Ricard S.A., a global leader in the spirits and wine
industry, Corby also represents leading international brands such
as ABSOLUT® vodka, Chivas Regal®, The Glenlivet® and Ballantine's®
Scotch whiskies, Jameson® Irish whiskey, Beefeater® gin, Malibu®
rum, Kahlúa® liqueur, Mumm® champagne, and Jacob's Creek®, Wyndham
Estate®, Stoneleigh®, Campo Viejo®, Graffigna® and Kenwood® wines.
In 2016, Corby was named one of the 50 Best Workplaces in
Canada by The Great Place to Work®
Institute Canada for the fifth consecutive year, and was also
listed among Greater Toronto's Top
100 Employers. Corby is a publicly traded company based in
Toronto, Ontario, and listed on
the Toronto Stock Exchange under the trading symbols CSW.A and
CSW.B. For further information, please visit our website or follow
us on LinkedIn.
SOURCE Corby Spirit and Wine Limited