Published on: July 13, 2022
Q1 reflects re-modelling for a stronger future
Distil’s Q1 trading update reflects the recently announced changes to the company’s business model, with the group assuming direct control of servicing its major UK customers, and employing a third-party distributor for the rest, from October onwards. In the interim, Distil and the outgoing UK distributor, Hi-Spirits, are running down their inventory of Distil brands. The company anticipates a one-off £580K adverse sales impact affecting H1 of the current year, with future years benefiting from taking direct control back in house and through better management of costs and brand promotional activities.