CL World Brands, which operates as a subsidiary of CL Financial, has completed the sale of Thomas Hine and Company Cognac house to EDV SAS for an undisclosed amount.
EDV SAS, a French firm, is managed by the descendants of the family behind wine trader and distributor Établissements Nicolas.
Commenting on the transaction, EDV SAS was quoted by guardian.co.tt as saying, "Our strategy is to pursue the development and outreach of the Hine brand, in preserving its exclusive positioning on the market and the exceptional quality of its products, as well as in perpetuating the traditional values of its founding family."
Earlier, CL Financial has sold Appleton rum to Gruppo Campari and Burn Stewart Distillers to Distell.
Hine Cognac's product portfolio includes Hine Rare VSOP, Hine Antique XO, Hine Jarnac-matured Vintage Cognacs and Hine Early-Landed Vintage Cognacs.
EDV SAS, a French firm, is managed by the descendants of the family behind wine trader and distributor Établissements Nicolas.
Commenting on the transaction, EDV SAS was quoted by guardian.co.tt as saying, "Our strategy is to pursue the development and outreach of the Hine brand, in preserving its exclusive positioning on the market and the exceptional quality of its products, as well as in perpetuating the traditional values of its founding family."
Earlier, CL Financial has sold Appleton rum to Gruppo Campari and Burn Stewart Distillers to Distell.
Hine Cognac's product portfolio includes Hine Rare VSOP, Hine Antique XO, Hine Jarnac-matured Vintage Cognacs and Hine Early-Landed Vintage Cognacs.
