Paradise Beverages Fiji Limited (PBFL) and the Vonu Holdings Limited will soon complete the transaction of the sale and purchase of the Vonu Brands throughout the world, including Fiji at approximately FJD$7.4 million.
In a statement from Paradise Beverages Fiji Limited, the purchase will also include certain intellectual property assets of Vonu Holdings Ltd.
This covers all of the goodwill and intellectual property rights in and associated with the trademarks and any other beer brands (whether registered or unregistered) owned by Vonu Holdings Ltd, including all rights to the well known “Vonu” beer brand.
The statement indicates that Paradise Beverages Fiji Limited and Vonu Holdings Ltd have agreed to all terms and conditions and are now in the process of finalizing the sale and purchase agreement and have received the approval of the Fiji Commerce Commission for the transaction.
The board of directors of Paradise Beverages Fiji Limited have met and resolved to enter into the sale and purchase agreement.
Meanwhile, Vonu Fiji Holdings Ltd approached Paradise Beverages Fiji Limited to purchase the Vonu Brands as Vonu Holdings Limited considers that the transaction will be beneficial to the future development and growth of the Vonu Brands in Fiji and export markets.
Paradise Beverages Fiji Limited intends to materially increase the volume of the Vonu Brands in Fiji and export markets.
People are being urged to remain vigilant and prepare as the effects of Tropical Depression TD03F are expected to be felt from tonight.According to th...
2 hours ago
The second suspect allegedly involved in an aggravated robbery outside the Raiwai Top Shop yesterday has been arrested.Police say the arrest was ...
39 minutes ago
16 people have been killed in a shooting at Australia's Bondi Beach, which targeted the Jewish community, as more than 1,000 people attended an event ...
50 minutes ago
18 youths have gained valuable hands-on skills and new income opportunities after completing a three-week Basic Poultry Production course at the ...
2 hours ago
A 23-year-old man from Nabua Topline has been arrested in Suva for allegedly assaulting a police officer on Waimanu Road yesterday.
Police say they ...
2 hours ago
A gunman has been shot dead and another is being treated after opening fire on Bondi beach, killing 10 people in what is believed to be a targeted ...
12 hours ago
Sonia Shanaaz, the mother of 10-year-old Aarna who was born with cerebral palsy, says silent treatment hurts after she reached out to the ...
3 days ago
Commissioner of Police Rusiate Tudravu says he will stand by his officers, and he does not support any officer being charged based on public opinion ...
3 days ago
The Fiji Airways Men’s National 7s side are working on their fitness as they prepare for the start of the 2025/2026 World 7s Series this ...
7 days ago