Business
Appointment of Distributor
Appointment of Distributor.
About this update from Distil Plc
[{"type":"text","content":"\n \nRNS Number : 9346F Blavod Wines and Spirits PLC 31 May 2013 \n\n \nBlavod Wines & Spirits plc\n(\"Blavod\" or the \"Company\")\n \n \n31 May 2013\n \n \nAppointment of Distributor\n \n \nBlavod Wines & Spirits plc (AIM:BES), the AIM quoted owner of premium drinks brands has today signed a three year agreement with Hi-Spirits Ltd for the distribution of its portfolio of owned brands including RedLeg Rum, Blackwoods Gin and Vodka and Blavod Black Vodka in the UK and Ireland.\n \nThe move follows Blavod's strategy to develop its growing number of owned brands and to focus on their development and marketing rather than committing resources to continuing to build its own UK sales and distribution network. As a result Blavod will now exit these activities altogether, and although there will be one-off costs associated with this, over the longer term the Company expects the reduced cost base will improve margins and profits.\n \nHi-Spirits will distribute the Blavod drinks portfolio to the on-trade, off-trade, wholesale sector and Duty Free across UK and Ireland.\n \nCommenting today, Don Goulding, Executive Chairman of Blavod said: \"We are delighted to appoint Hi-Spirits for our brand portfolio. They are a highly successful distribution team and their portfolio is an ideal fit for our brands. It means our team can now focus on doing what they do best which is developing award winning brands and the marketing strategies to go with them to ensure success\"\n \nMore information on Hi-Spirits can be seen at: www.hi-spirits.com\n \nEnquiries:\n \nBlavod Wines & Spirits plc\nDon Goulding - Executive Chairman Tel +44 207 352 2096\n \nSPARK Advisory Partners Limited (Nominated Adviser)\nNeil Baldwin Tel +44 113 366 2264\nMark Brady Tel +44 113 366 2268\n \nSimple Investments (Broker)\nNick Emerson Tel +44 1483 413500\nAndy Thacker\n \nCadogan PR\nAlex Walters Tel +44 207 839 9260\n \n \nAbout Blavod\n \nBlavod Wines & Spirits plc is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium Vodka, premium Gin, Vodka Cream Liqueu...