Distell wants to be the next ‘African drinks champion’
After spending billions on restructuring and expansion, the drinks giant is bouncing back after pandemic shutdowns
09 December 2020 - 11:34
For shareholders waiting for wine and spirits company Distell to deliver higher returns on their investments, 2020 was a year to forget.
A months-long alcohol ban, designed to help curb the spread of the coronavirus, slammed sales and earnings and its shares have dropped by more than a quarter. The world’s second-largest cider maker had already frustrated some shareholders with years of big-ticket spending they say has delivered an inadequate payoff...
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