Monika Alcobev Clarifies Distribution Agreement with Proximo Group

Monika Alcobev Limited has issued a clarification in response to recent media reports, specifically an article in The Economic Times suggesting Proximo's direct entry into India and cessation of reliance on Monika Alcobev. The company states that its existing distribution arrangement with the Proximo Group, which includes brands like José Cuervo and Bushmills, remains valid and in force. Monika Alcobev has not received any communication from Proximo indicating a termination of the agreement. The company asserts that any market inference of the distribution arrangement ending is factually incorrect based on its current understanding and reserves the right to pursue legal remedies to protect its interests.