Renewal of Three Year Agreement for Branca Brands

RNS Number : 7154Y

Blavod Wines and Spirits PLC

27 February 2013

 

Blavod Wines & Spirits plc

("Blavod" or the "Company")

27 February 2013

Blavod renews three-year agreement

for

Branca Brands

Blavod Wines & Spirits plc (AIM:BES), the AIM quoted owner of premium drinks brands and distributor of agency brands has agreed terms with leading Italian drinks manufacturer Fratelli Branca Distillerie for a three-year renewal to its distribution agreement for its leading brands in the UK, which include Fernet Branca, Branca Menta, Punt E Mes, Antica Formula, Borghetti Caffe Liqueur and Borghetti Oro Sambuca.

The move follows the continued growth in sales volumes that Blavod has achieved in its agency brands division, which has significantly outperformed the market across all key trade sectors as was announced in half-year results published in December 2012, with the combined sales net of duty from continuing agency brands increasing by in excess of 40%.

Sales growth in the UK has in part been fueled by the growing popularity of bars and clubs serving cocktails with a number of the Fernet Branca brands being the key ingredient, some of the most popular including: Antica Formula for making a Negroni; Punt e Mes for a Manhattan; Fernet Branca in a Fernandito; and Branca Menta for a Mintonic.

Commenting today, Don Goulding, Executive Chairman of Blavod said: "This is a good move for Blavod, and gives us the opportunity to increase further the levels of sales and revenues we can achieve from these great brands." Cocktails are becoming ever more popular and by having the top names in our portfolio of agency brands certainly means we are well placed to make the most of this growth."

Enquiries:

Blavod Wines & Spirits plc

Don Goulding - Executive Chairman                         Tel [phone]

Cadogan PR

Alex Walters                                                                Tel [phone]

SPARK Advisory Partners Limited (Nomad)

Neil Baldwin                                                                Tel  [phone]       

Mark Brady                                                                  Tel  [phone]

Simple Investments (Broker)

Nick Emerson                                                             Tel [phone]

Andy Thacker

About Blavod:

Blavod 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 and Rum and are called Blavod Original Black Vodka, Blackwood's Vintage Gin & Nordic Vodka, Diva Vodka, Jago's Cream liqueur and RedLeg Rum.

About Fratelli Branca and Fernet Branca:

Fratelli Branca is a distillery based in Milan, Italy founded in 1845. It produces a number drinks most famous of which is Fernet Branca, a digestif made to a secret family recipe with 27 herbs from five continents.

In January 2013, specialist publication Drinks International published its World's 50 Best Bars Brands Report having questioned leaders and opinion formers in the drinks industry all over the world to identify the best selling a trend setting products currently on the market. Fernet Branca was ranked first in the "Best After-Dinner" category and fifth in the "Top 10 Trending Brands" and "Top 10 Best-sellers Brands" in the liqueurs sector.

http://www.drinksint.com/news/fullstory.php/aid/3584/World_s_50_Best_Bars_Brands_Report:_Digestifs.html?v_lingua=ITA

 

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