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Pin to quick picksDistil Share News (DIS)

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Distil to launch ready-to-drink version of RedLeg Spiced Rum

Mon, 02nd Sep 2019 08:12

(Sharecast News) - Drinks maker Distil will shortly launch a ready-to-drink version of its RedLeg Spiced Rum product as part of a collaboration with premium soft drink, tonic and mixer brand Franklin and Sons.
Distil's new product will shortly be available through UK distributor Global Brands, while the remainder of its portfolio distribution will stay the same.

The AIM-listed group said its new beverage, mixed with Franklin and Sons' 1886 Cola and a twist of lime, "raises the bar" in the pre-mixed spirit and mixer category, which saw sales value grow 30% in the year ended 30 July.

Distil stated that rum was currently worth £367m in the UK off-trade, with spiced rum growing at just under 13% in value year-on-year, making ready-to-drink rum and cola more "on trend" than ever before.

The drink will be made available through an unnamed, major UK retailer.

Executive chairman Don Goulding said: "This new in-market brand collaboration sees RedLeg Spiced Rum continue to innovate and introduce new consumers to the brand through flavour, packaging and format development.

"We are delighted to enter this fast-growing category."

As of 1015 BST, Distil shares had rocketed ahead 15.64% to 0.95p.
More News
25 Mar 2024 13:27

IN BRIEF: Distil inks partnership with Global Brands

Distil PLC - London-based owner of drinks brands including RedLeg Spiced Rum and Blackwoods Gin - Inks new partnership with Global Brands Ltd to supply UK off-trade customers. "Global Brands will be servicing Distil's UK grocery, cash & carry, and convenience customers effective immediately. Utilising its extensive sales network, and proprietary logistics and warehouse capabilities, this new venture offers the opportunity to work closely with a long-standing partner to accelerate brand growth," the company says.

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22 Jan 2024 11:23

IN BRIEF: Distil investee Ardgowan hires whisky veteran as chair

Distil PLC - London-based owner of drinks brands including RedLeg Spiced Rum and Blackwoods Gin - Ardgowan Distillery Co Ltd hires Paul Currie as chair. Currie has 30 years experience in the whisky industry, including founding the Isle of Arran Distillers and the Lakes Distillery.

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10 Jan 2024 12:05

IN BRIEF: Distil boosts quarterly revenue despite "suppressed" market

Distil PLC - London-based premium drinks manufacturer with brands including RedLeg Spiced Rum and Blackwoods Gin & Vodka - Says revenue increased 39% to GBP571,000 in the third quarter ended December 31, from GBP411,000 the prior year. Cumulative revenue for the first nine months of its current year rose 38% to GBP1.2 million. Gross profit rose 23% to GBP272,000 in the quarter and by 26% to GBP554,000 in the nine-month period. Distil says Blackwoods revenue more than doubled in the quarter and that the brand is building encouraging traction.

Read more
10 Jan 2024 10:46

AIM WINNERS & LOSERS: Great Western completes mill construction

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10 Jan 2024 10:22

Distil revenues grow in Q3

(Sharecast News) - Alcoholic drinks maker Distil said on Wednesday that revenue and profits had both increased during the third quarter of its trading year.

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5 Dec 2023 15:41

UK shareholder meetings calendar - next 7 days

Wednesday 6 December 
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Bowleven PLCAGM
Gattaca PLCAGM
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VinaCapital Vietnam Opportunity Fund LtdAGM
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Haydale Graphene Industries PLCAGM
Kibo Energy PLCAGM
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Lok'n Store Group PLCAGM
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Supermarket Income REIT PLCAGM
Westmount Energy LtdAGM
YouGov PLCAGM
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Ashoka India Equity Investment Trust PLCAGM
Associated British Engineering PLCAGM
Associated British Foods PLCAGM
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Hargreaves Lansdown PLCAGM
URA Holdings PLCGM re closing the fundraise
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
24 Nov 2023 13:27

Distil raises GBP765,000 for working capital at busiest business time

(Alliance News) - Distil PLC on Friday said it has raised money for working capital.

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16 Nov 2023 12:45

Distil investee breaks ground on GBP20 million whisky distillery

(Alliance News) - Distil PLC on Thursday said investee Ardgowan Distillery Co Ltd has broken ground on the first phase of its GBP20 million whisky distillery.

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12 Oct 2023 13:55

Distil shares down despite return to sales growth and narrowed loss

(Alliance News) - Distil PLC on Thursday said turnover and gross profit increased in its latest half year, and that results remain "encouraging" despite macroeconomic headwinds driving up costs.

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27 Jul 2023 15:43

UK shareholder meetings calendar - next 7 days

Friday 28 July 
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Deltex Medical Group PLCGM re placing and subscription
Syncona LtdAGM
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Bushveld Minerals LtdAGM
Sequoia Economic Infrastructure Income Fund LtdAGM
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Distil PLCAGM
Edenville Energy PLCAGM
Future PLCGM re authorising the company to buy back up to 10% of shares
Investec PLCAGM
Landore Resources LtdEGM re dual-listing in Canada
Ukrproduct Group LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Jul 2023 10:36

AIM WINNERS & LOSERS: i(x) Net Zero surges as BP invests in WasteFuel

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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6 Jul 2023 10:16

IN BRIEF: Distil says revenue up in first quarter; outlook uncertain

(Alliance News) - Distil PLC - Alcoholic spirit maker - Revenue in its first quarter to June rises to GBP364,000 from GBP119,000. The company says comparative first quarter revenue in 2022 had been suppressed as the company remodelled its business. Distil notes that the market remains uncertain in the current economic climate, particularly with the UK's planned duty increases effective from August 1.

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4 Jul 2023 10:49

IN BRIEF: Distil shares down as annual loss widens; revenue falls

Distil PLC - London-based premium drinks producer, whose brands include RedLeg Spiced Rum and Blackwoods Gin and Vodka - Posts revenue of GBP1.3 million for year ended on March 31, down 55% from GBP2.9 million the year before. Pretax loss widens to GBP654,000 from GBP95,000, as gross profit falls to GBP684,000 from GBP1.6 million the year before. Adjusted administrative expenses increase by 21% to GBP903,000 from GBP890,000.

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13 Apr 2023 13:56

Distil posts optimistic outlook but says annual loss widens

(Alliance News) - Distil PLC on Thursday announced a positive outlook as the company rebuilds its business model.

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13 Apr 2023 09:11

Distil sees volumes and revenue fall in Q4

(Sharecast News) - Drinksmaker Distil said on Thursday that both volumes and revenue had decreased in the three months ended 31 March.

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