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.
Marie 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
Phone: +33 (0)1 53 70 74 70