Scotch whisky sales are falling, but what’s really behind the decline? Whisky Whisky Business, City AM’s whisky supplement. The Scotch whisky sector and indeed the wider spirits market have faced a challenging six months, marked by a wave of negative headlines that have painted a bleak picture of the industry’s health. At the beginning of the year, data from restructuring firm BTG warned nearly one in five of [...]
Tormore Distillery’s renewed focus on fruit-forward whisky Whisky Whisky Business: City AM’s monthly look at the world of whisky. When it opened its doors in 1960, Tormore became one of the first new distilleries of the 20th century. Built by drinks conglomerate Schenley, it became known as the ‘pearl of Speyside’ thanks to its size and unique art deco design. Schenley wanted a showpiece, [...]
The Grand Whisk(e)y Tour: An ultra-exclusive whisky experience Whisky Luxury and Scotch whisky go hand-in-hand, and now two of the most prominent players in the whisky space have teamed up to offer a truly one-of-a-kind experience. The brainchild of Chivas Brothers, the Scotch whisky arm of drinks giant Pernod Ricard and Midleton Very Rare, the most exclusive offering from Irish Distillers, also a subsidiary [...]
Stake in Lewis Hamilton’s non-alcoholic spirit Almave bought by Pernod Ricard August 29, 2024 A stake in Lewis Hamilton’s non-alcoholic tequila alternative has been snapped up by spirits giant Pernod Ricard. Pernod Ricard did not disclose the size of its investment in the brand but did confirm that it was a minority stake. Seven-time Formula One world champion Lewis Hamilton co-founded the brand, alongside drinks incubator business Casa Lumbre [...]
Pernod Ricard’s Russia exit leads to sales fall for Scotch whisky maker Chivas Brothers August 29, 2024 Pernod Ricard stopping all exports of its international brands to Russia led to a fall in sales for Scotch whisky maker Chivas Brothers during its latest financial year. The Scotland-headquartered company has revealed its net sales fell by 1.6 per cent in the 12 months to the end of June 2024 off the back of [...]
Record sales for Beefeater gin and Chivas Regal whisky owner April 16, 2024 Profits at the company behind the likes of Beefeater gin and Chivas Regal whisky surged by almost £100m during its latest financial year as its sales passed the £1.3bn mark.