January 15, 2014 (Basel, Switzerland)–Oettinger Davidoff AG is reorganising its distribution in Spain. The collaboration with the local Spanish partner Proein SA has been terminated with effect from January 1, 2014. The distribution of Oettinger Davidoff products in Spain will be transferred to Davidoff of Geneva Iberia, a wholly-owned subsidiary of Oettinger Davidoff AG, during the first half of 2014. “By setting up this new company, Oettinger Davidoff AG is affirming its confidence in the important and promising Iberian Peninsula market”, says Oettinger Davidoff CEO Hans-Kristian Hoejsgaard. “Spain is designated as one of Oettiger Davidoff’s priority markets and on the back of the best economic data coming out of Spain since April 2011, I could not think of a more appropriate time to establish our own company in one of the world’s most important cigar markets. We will be able to take Davidoff and other Oettinger Davidoff brands to the next level, thanks to the strong platform Proein has been building over the last almost 40 years.” Oettinger Davidoff AG acknowledges the great commitment and success of Proein over the years. “The Proein team’s expertise has played a crucial role in our success in Spain”, adds Albert Manzone, Senior Vice President Europe of Oettinger Davidoff. “We would like to thank Juan ...
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