TORONTO, Aug. 5, 2026 /CNW/ -- Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today announced it has signed a definitive agreement (the "Transaction") and sold the Lamb's rum brand and certain assets to Maison des Futailles, L.P., a subsidiary of Phildan Inc., and Glen Turner Company Limited, a subsidiary of COFEPP SAS ("Phildan" and "COFEPP", respectively; collectively, the "Buyers") for $39.2 million. Under the agreement, Phildan acquired the North American rights to the brand, while COFEPP acquired the rights to the brand in the rest of the world outside North America.
TRANSACTION RATIONALE
- Sharpens Corby's focus on Corby's priority growth platforms, including ready-to-drink beverages and premium spirits.
- Frees capital and resources for higher-return opportunities.
- Simplifies the portfolio and supports long-term growth, profitability and shareholder value creation.
"The sale of Lamb's is a disciplined portfolio management decision that supports Corby's long-term strategy," said Florence Tresarrieu, President and Chief Executive Officer of Corby. "It allows us to further focus our resources on higher-priority categories, strengthen our financial position, and continue investing behind the brands and innovations that will drive Corby's next chapter of growth."
"Lamb's is one of Canada's most recognized rum brands, and we're proud to welcome it into the Dandurand Group family. This acquisition strengthens our brand portfolio, expands our presence in the spirits category and reflects our long-term commitment to investing in brands with strong consumer recognition and significant growth potential," said Hugues Gauthier, President of Phildan.
"Lamb's is a well-established brand in the United Kingdom that complements our existing portfolio and strategic objectives. We are excited about the opportunities ahead and committed to supporting the brand's continued success, and building the next chapter of its long history," said Christophe Pichambert, International Director, La Martiniquaise-Bardinet.
TRANSACTION DETAILS
Under the terms of the agreement, Corby has sold the Lamb's rum brand, all related intellectual property and brand inventories at closing to the Buyers for $39.2 million, subject to customary adjustments. Corby and its affiliated companies will provide transition support regarding production and distribution of the brand for the Buyers for a period of time post-closing. The transaction was approved by Corby's board of directors.