Brown-Forman expands Coca-Cola HBC distribution to Switzerland

M&A · Partnership
โดย Just Drinks·CH·Read original
Summary · why it matters

Brown-Forman has added Switzerland as the twelfth market where Coca-Cola HBC will distribute its spirits brands, with the partnership set to begin next month. The move extends a relationship that started in Hungary in 2008. Maria Navas Peire, Brown-Forman's VP and MD for DACH and the Netherlands, cited Coca-Cola HBC's strong customer relationships and efficient infrastructure in Switzerland. Brown-Forman, which generated $3.93bn in sales in the year to April, a 1.1% decline, handles its own distribution in 17 markets including Germany, Italy, and the UK. Coca-Cola HBC, which also distributes for Bacardi and Edrington, acquired the Finlandia vodka brand from Brown-Forman for $220m three years ago.

Impact on stocks 2

Consumer Staples · 2 stocks
Coca Cola HBC AG
CCH
▲ PositiveDemandrelevance

Adds Switzerland as twelfth market for distributing Brown-Forman spirits, growing its portfolio.

Off-coverage companies 2

BacardiPrivate± Mixed
relevance

The Edrington GroupPrivate± Mixed
relevance