Liquor
Capevin says cheers to Gordon’s Gin
Remgro, has agreed to sell its rights to distribute Gordon’s Gin to the global brand’s owner, Diageo
04 May 2023 - 18:40
Capevin, the unlisted specialist liquor business controlled by investment giant Remgro, has agreed to sell its rights to distribute market leading Gordon’s Gin in Southern Africa to the global brand’s owner, Diageo.
Business Day confirmed on Thursday that a deal in principle had been agreed between Capevin and Diageo — which also owns best-selling brands such as Johnnie Walker, Captain Morgan, Guinness and Smirnoff. Business Day is also in possession of liquor industry correspondence that already reflects a new arrangement — referring to Gordon’s Gin “transitioning” to Diageo by August this year...
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