Distil PLC - London-based premium drinks retailer - Enters new distribution agreement with Swiss-based Marussia Beverages Corp, following decision to withdraw its portfolio of spirits from its long-term UK distributor, Hi-Spirits.

Also appoints Alex Baker as commercial director.

‘We are excited to welcome Alex Baker to the team in the newly created role of Commercial Director, directly responsible for all sales across domestic and international markets,’ said Executive Chair Don Goulding.

‘We are also delighted to announce the distribution agreement with Marussia Beverages UK. Aligning with our ambitions, we’re confident that Marussia Beverages UK is the right on-trade distribution partner for our brands, and look forward to working closely with MD, Trevenon Weeks, and his teams to increase our on-trade and regional retail brand presence and activities,’ Goulding added.

Current stock price: 1.27 pence

12-month change: down 45%

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