FY15 has seen Distil complete its strategic transition from a distributor of third party brands to a value-added developer of premium spirit brands, including its name change to Distil from Blavod previously. Distil has reported a welcome 26% reduction of its operating losses, held back by circumstances beyond its control. First, unexpected delays in acquiring the necessary US regulatory approvals have prevented the group from selling its core brands into that key and substantial market. And
15 Jun 2015
Delays in US approvals hinder progress
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Delays in US approvals hinder progress
Distil PLC (DIS:LON) | 0.6 0 4.3% | Mkt Cap: 5.43m
- Published:
15 Jun 2015 -
Author:
David Jeary -
Pages:
13
FY15 has seen Distil complete its strategic transition from a distributor of third party brands to a value-added developer of premium spirit brands, including its name change to Distil from Blavod previously. Distil has reported a welcome 26% reduction of its operating losses, held back by circumstances beyond its control. First, unexpected delays in acquiring the necessary US regulatory approvals have prevented the group from selling its core brands into that key and substantial market. And