Corby Sells Lamb's Rum for $39.2M | Toronto News

Toronto News Today | 2 Min News | The Daily News Now! · Aug 6, 2026 · 1m

Corby Spirit and Wine is selling Lamb’s rum for $39.2 million to focus on high-growth areas like ready-to-drink drinks and premium spirits, streamlining operations to boost profits and shareholder value. The deal splits global rights—Phildan takes North America, COFEPP handles the rest—with Corby assisting production and distribution post-sale. CEO calls it a strategic move to invest in future winners, while buyers gain a top Canadian rum brand to expand their global spirits footprint. Board approval seals the deal as part of Corby’s broader plan to sharpen its business model and drive…