News: Toasting India entry Caribbean style

(DNA 25/10/2006) Mumbai - CL WorldBrands group, part of the CL Financial Group, Trinidad, has entered the Indian liquor market with its Angostura Premium rums. Bottled in the Caribbean, they will be sold in Mumbai. They will be gradually rolled out across other parts of India.

Making up close to 25% of the CL liquor portfolio and aged between 3 to 25 years, the Angostura range will be retailed only through hospitality outlets due to the 500% market duty. It will be distributed by S.V Distributors.

“At a future stage we will be looking at volumes, possibly working with partners locally,” Mike Arnold of CL WorldBrands told DNA Money.