Brief: Truett-Hurst Announces Sells Wholesale Wine Business To Precept Brands
13/08/2018 21:13
Aug 13 (Reuters) - Truett-Hurst Inc THST.O :
* TRUETT-HURST, INC. ANNOUNCES SALE OF WHOLESALE WINE
BUSINESS TO
PRECEPT BRANDS, LLC
* TRUETT-HURST - EXPECTS TO USE PROCEEDS FROM SALE OF
WHOLESALE
WINE BUSINESS TO ELIMINATE INDEBTEDNESS, TO INVEST IN ITS DIRECT
TO CONSUMER BUSINESS
* TRUETT-HURST INC - PAUL DOLAN WILL SERVE AS COMPANY'S
INTERIM
CHIEF EXECUTIVE OFFICER EFFECTIVE NOVEMBER 1, 2018
* TRUETT-HURST INC - PRECEPT ACQUIRED FROM COMPANY ALL
ASSETS
COMPRISING ITS WHOLESALE WINE BUSINESS FOR ABOUT $18 MILLION IN
CASH
Source text for Eikon: ID:nPncgFzMla
Further company coverage: THST.O
((Reuters.Briefs@thomsonreuters.com;))
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