The decision follows the sale of Cutty Sark, the blended scotch whisky brand, to Edrington.
W S Karoulias (WSK) is one of the leading wine and spirit companies in Greece. The company has been built up over the last 20 years by its managing director Chris Argyrou and his team.
Argyrou, through IMA SA has led a management buy-out of WSK and has requested the managing director of BB&R, Hugh Sturges to remain on the WSK board, as chairman, after the retirement of the present chairman, Tony Easter.
Argyrou will retain his seat at the BB&R strategy committee in London and WSK will continue the distribution of Cutty Sark in Greece.