Global spirits group, Amber Beverage Group (ABG), has been given a EUR 27 million loan facility after partnering with the globally respected Swiss bank, Credit Suisse AG. The deal will improve the effectiveness of ABG’s operations and is the first step towards further ABG expansion.
“Having sufficient capital to run your global business is crucial to ensure operations run smoothly. The boost from Credit Suisse will help us to consolidate our cash flow from Australia, the UK, Austria within one cash pool,” said Jekaterina Stuge, CFO of Amber Beverage Group. “From an international perspective, it will allow us to benefit from more flexible cash flow management options, as all of our companies have a different working capital cycle,” added Jekaterina Stuge.
ABG has transformed from a Baltic enterprise with key customers into a global organisation with a world-class infrastructure. It has not only involved building and improving the assets ABG already has; it has also included bringing in new companies, such as UK distributor Cellar Trends, Australian distributor Think Spirits and Austrian distributor and wholesaler Mountain Spirits, acquired by the group earlier in December.
“This deal is only the first step and we look forward to future business with Credit Suisse AG to develop Amber Beverage Group further,” said Jekaterina Stuge.
Amber Beverage Group is a leading producer, distributor, logistics provider and retailer of beverages. It operates internationally from its head office in Luxembourg and through its production and distribution companies in Russia, Mexico, the UK, Australia, Austria and the Baltics, its historical home. ABG employs over 2,100 people who help to produce, bottle, market, distribute, export and retail some of the world’s most iconic beverages. ABG has a wholly owned portfolio of over 200 brands that have significant market leading positions in more than 185 markets where ABG is active.