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MBWS (MBW): AMICABLE RESOLUTION OF THE DISPUTE WITH CHAMARRE

Raport bieżący nr 10/2016

Podstawa Prawna: Inne uregulowania
Ivry-sur-Seine, 18 March, 2016

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AMICABLE RESOLUTION OF THE DISPUTE WITH CHAMARRE

Marie Brizard Wine & Spirits (Euronext Paris: MBWS) today announces that Moncigale has reached an agreement that should end the dispute between this Group subsidiary and Chamarré, represented by liquidators SCP BTSG. The implementation of this agreement is subject to the approval of the competent jurisdiction.

This dispute concerned an exclusive license contract for the use, manufacturing and distribution of the Chamarré brand by Moncigale.

Under the terms of the agreement, SCP BTSG, as Chamarré’s liquidators, would receive a similar sum to that written down as provisions for risks in Moncigale’s accounts, i.e. €675,000.

This agreement should definitively bring the dispute to an end and open the way for an early repayment of Moncigale’s business continuation plan.

Jean-Noël Reynaud, CEO of Marie Brizard Wine & Spirits, says: “I am very pleased with this outcome, which is in the best interests of our shareholders and which will trigger the resolution process regarding the largest commercial dispute we inherited.”

About Marie Brizard Wine & Spirits

Marie Brizard Wine & Spirits is a wine and spirits group operating in Europe and the United States. Marie Brizard Wine & Spirits stands out through its know-how, its assortment of brands with a long tradition and a spirit firmly focused on innovation. From the founding of Maison Marie Brizard in 1755 to the launch of Fruits and Wine in 2010, the Marie Brizard Wine & Spirits group has shown an ability to develop its brands in a modern way whilst respecting their origins.

Marie Brizard Wine & Spirits is committed to providing value by offering its clients trustworthy and audacious brands packed with flavours and experiences. Today, the Group has a consistent portfolio of brands that are leaders on their respective segments, and notably William Peel, Sobieski, Fruits and Wine and Marie Brizard.

Marie Brizard Wine & Spirits is listed on Compartment B of Euronext Paris (FR0000060873 - MBWS) and is included in the EnterNext© PEA-PME 150 index.

Contact:

Image Sept

Simon Zaks,

szaks@image7.fr,

Tel.:+33 (0)1 53 70 74 63


PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
DataImię i NazwiskoStanowisko/FunkcjaPodpis
2016-03-18Jean-Noel ReynaudCEO Marie Brizard Wine & SpiritsJean-Noel Reynaud

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