Amber Beverage Group has initiated legal protection for its Latvian operations as it faces cash flow pressures caused by “external challenges”. In a filing to the Nasdaq Baltic stock exchange on Friday (30 January), the company said Amber Latvijas balzams will continue to operate as normal while it “works with creditors to establish a sustainable financial structure”. Normunds Staņēvičs, the CEO of ABG, called the decision “difficult but necessary”. “The legal protection process gives us the legal safe ...

Amber Beverage UK (ABUK) has acquired the assets of Ten Locks, the Manchester-based distributor owned by Kingsland Drinks. The financial terms of the deal were not disclosed. The agreement hands ABUK immediate responsibility for the UK distribution of the Ten Locks portfolio. Ten Locks distributed products including El Tequileño Tequila, Lind & Lime gin, Banhez mezcal and non-alc brand Three Spirit. ABUK marketing director Zippy Bakowska told Just Drinks five Ten Locks employees will join the business ...