• Ned Whisky (Image: Top Shelf International)
    Ned Whisky (Image: Top Shelf International)
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Top Shelf International (TSI) is launching a $10 million capital raise to fund business restructuring, operational expenditure, and working capital as it finalises a third-party distribution deal with Amber Beverage Australia.

Top Shelf International (TSI) is launching a $10 million capital raise to fund business restructuring, operational expenditure, and working capital as it finalises a third-party distribution deal with Amber Beverage Australia.

TSI is a Melbourne based distiller and marketer of Australian spirits NED whisky, Grainshaker vodka and Act of Treason Australian Agave.

The company said its co-packing agreement with Idyll Wine Co was delivering “significant savings” and it is targeting a transition in August to a new sales, distribution, and marketing partnership with Amber Beverage Australia.

TSI chair and interim executive Julian Davidson said the restructuring projects were starting to take effect and deliver long-term sustainable benefits.

“Alongside the critically important restructuring, the underlying business continues to lay down foundations for a successful transition to a 3rd party sales and marketing partner in Amber Bev,” Davidson said.

In May, proceeds from the sale of its Campbellfield factory to Idyll cleared TSI's excise debt with the ATO and paid down other debts to its secured lender.

It has now signed a Heads of Agreement with Amber Beverage that includes:

TSI will retain ownership of its brands; and

  • over-see brand strategy and positioning;
  • provide product supply and quality assurance;
  • lead national marketing campaigns; and
  • support promotional planning and pricing strategy.

Amber Beverage will manage trade execution, customer relationships, and route-to-market; and 

  • oversee warehousing, logistics, and sales force operations;
  • execute promotional plans and report performance regularly; and
  • coordinate with TSI on new product introductions and range reviews.
  • The Company said it was progressing its audit of FY24 and HY25 financial reports to release its FY24 annual report by 30 September, reconvene its 2024 AGM and be reinstated to trading on the ASX.

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