Belvedere sells retail business to Carrefour

Belvedere sold its retail business in Poland, Galeria Alkoholi chain to Carrefour, the Polish Press Agency (PAP) reported. The value of the deal has not been announced. The transfer was approved by authorities in France and Poland. Galerie Alkoholi owns 39 stores in Poland. Belvedere said it would like to focus on its primary activity. Belvedere CEO Jean-Noël Reynaud informed PAP recently that the firm is going to finalize the process of selling its non-strategic assets by the end of next year, in order to obtain funds for investment. Puls Biznesu daily reported in December last year that the Sobieski vodka producer had plans to sell the wholesale and retail assets.