FDBusiness.com

Edrington Disposes of Cutty Sark Scotch Whisky

 Breaking News
  • Diageo Launches New Super-premium Gin Diageo is introducing a new super-premium Italian gin, Villa Ascenti. The launch comes at a time when the super-premium and ultra-premium gin categories are the fastest growing segment within gin in Europe. Villa Ascenti will initially be available in 14 European countries. A new €420,000 (£360,000) distillery has been built on the site of the brand [...]...
  • European Commission Proposes to Increase Price Transparency in the Food Chain Having banned unfair trading practices and improved producer co-operation, the European Commission has presented the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain. The European Commission has tabled a proposal that will make available crucial information on how prices are determined [...]...
  • Irish Distillers Launches ‘A Story of Irish Whiskey’ Podcast Series Irish Distillers, Ireland’s leading supplier of spirits and wines and producer of some of the world’s most well-known and successful Irish whiskeys, has launched its first podcast, ‘A Story of Irish Whiskey’. Produced by Last Cast Media, the five-part series is a story of coming together, sharing, conquering markets and how three families, competitors for [...]...
  • C&C Group Increases Revenue by 187.3% to over €1.5 Billion C&C Group, the UK and Ireland drinks production and distribution business, increased net revenue by 187.3% to €1.575 billion in 12 months ended 28 February 2019, reflecting the acquisition of Matthew Clark and Bibendum from the administrators of Conviviality Group in April 2018. Excluding Matthew Clark and Bibendum, and on a constant currency basis, net [...]...
  • 2 Sisters Accelerates Business Transformation 2 Sisters Food Group has announced a series of actions as part of its accelerating transformational strategy to turnaround the business. The company is making further investments in its UK Poultry and Fox’s Biscuits businesses, and is proposing to reduce the number of its UK Poultry sites in order to produce shorter, more efficient supply [...]...

Edrington Disposes of Cutty Sark Scotch Whisky

Edrington Disposes of Cutty Sark Scotch Whisky
November 29
10:46 2018

Scottish distiller Edrington has agreed to sell is Cutty Sark Scotch whisky brand to La Martiniquaise-Bardinet, the second largest spirits group in France, for an undisclosed price. Cutty Sark Scotch whisky was launched in 1923 and is one of the most recognisable Scotch whiskies in the world, with a long and distinguished heritage celebrating the spirit of adventure. The completion of the transfer to La Martiniquaise-Bardinet is expected within a month.

The disposal reflects Edrington’s strategy of focusing investment to support the long-term growth of its premium brands including The Macallan, The Famous Grouse, Highland Park and The Glenrothes Scotch whiskies, and Brugal rum.

Ian Curle, chief executive of Edrington, says: “Cutty Sark is a great Scotch whisky and has been a worldwide whisky icon for the last 90 years. We are pleased to be transferring the brand to La Martiniquaise-Bardinet and know that it will thrive under their ownership. We wish them all the very best for the future with this great brand.”

Jean-Pierre Cayard, president of La Martiniquaise-Bardinet, comments: “We are proud to take ownership of this powerful brand. Cutty Sark perfectly complements our portfolio of international brands including Label 5, Sir Edward’s and Glen Moray Scotch whisky, Poliakov vodka, Porto Cruz and Negrita and Saint James rum. This acquisition is a major step forward to accelerate our international expansion. It will further strengthen our position in Europe and boost our presence in key markets such as the US and Japan. With Cutty Sark, we consolidate our position in Scotch whisky, entering in the world’s top five groups.”

As part of the deal, Edrington will continue to provide blending and bottling and other associated services during a transition period.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements