LONDON--Stock Spirits Group PLC (STCK.LN), a European spirits
and liqueurs company, Wednesday announced that it has signed an
agreement with Diageo PLC (DGE.LN) for the future distribution of
Diageo's portfolio of premium brands in the Czech Republic.
MAIN FACTS:
-Agreement is effective from January 19, 2014.
-As part of the agreement, Stock Spirits Group will be the
exclusive distributor within the Czech Republic of a part of
Diageo's portfolio of brands, including Johnnie Walker and J&B
whiskies, Smirnoff vodka, Captain Morgan and Baileys Irish
Cream.
-Reserve portfolio of Diageo luxury brands will continue to be
distributed by its current partner Ultra Premium Brands.
-No financial terms of the agreement were disclosed.
-Shares of Stock Spirits at 0931 GMT up 2 pence, or 0.90%, at
253 pence, valuing the company at GBP501 million.
-Write to Tapan Panchal at tapan.panchal@wsj.com
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