FDBusiness.com

William Grant & Sons Passes £1 Billion Sales Barrier

 Breaking News
  • 2 Sisters and Standards in Poultry Processing Report Published The Environment, Foods and Rural Affairs Committee in the UK has published its report into 2 Sisters Food Group and Standards in Poultry Processing. The Committee launched an inquiry into 2 Sisters and poultry standards following the undercover footage released by The Guardian and ITN. The evidence sessions looked at the issues raised at the 2 [...]...
  • ADM Wins ‘Most Innovative Food Ingredient’ at Gulfood Excellence Awards Archer Daniels Midland Company has been awarded ‘most innovative food ingredient’ for its natural sweetening solution, Fruit Up® Fiber, at this year’s Gulfood Manufacturing Industry Excellence Awards. The awards recognize best practices and innovation within the food manufacturing industry value chain. Entries were judged on the additional value the innovations brought to developers, as well as [...]...
  • Bayn Europe Enters China Sugar Reduction Market Bayn Europe has signed a strategic framework agreement with Kong Wua Group in China, outlining the establishment of a R&D center for sugar reduction and production of sugar replacer solutions. Through the agreement, Bayn and Kong Wua will bring sugar replacer solution to the market to help tackle the sugar over-consumption social problems. “It is important [...]...
  • It’s Time to End Food Waste – White Paper Among the most interesting topics in the publication ‘It’s time to end food waste’ is a closer look at the psychology of food waste by Nina Waldhauer at the University of Wageningen. Waldhauer explains how “(…) the food sector business can create opportunities for reducing consumer-related food waste. It can be done in ways that acknowledge consumer´s goal [...]...
  • Orkla Sells K-Salat to Stryhns Orkla Foods Danmark has agreed to sell its K-Salat business to Stryhns, which is part of the Norwegian Agra group. The purpose of the sale is to concentrate Orkla’s activities on fewer categories. K-Salat has a product portfolio of salad spreads, mayonnaise, remoulade, dressings and potato salads in Denmark. Under the agreement, Stryhns will take over [...]...

William Grant & Sons Passes £1 Billion Sales Barrier

William Grant & Sons Passes £1 Billion Sales Barrier
October 11
11:40 2012

Scotch spirits group William Grant & Sons has achieved annual sales of more than £1 billion for the first time. Turnover increased by 9% to £1.05 billion during its 2011 financial year.

However, reflecting continued investment in the business, operating profits dropped by 5% to £126 million. Sales of the group’s flagship Glenfiddich Scotch malt whisky brand exceeded one million cases the Grant’s. Both brands increased value ahead of volume as did the Hendrick’s Gin, The Balvenie single malt whisky, Sailor Jerry rum and Tullamore Dew Irish whiskey brands, all benefiting from increased investment. William Grant & Sons acquired the Tullamore Dew brand in 2010 and has subsequently purchased full ownership of the Milagro premium tequila brand.

Stella David, chief executive of William Grant & Sons.

The family owned spirits group is also continuing to invest behind its innovation brands, such as Hudson Baby bourbon, and Monkey Shoulder and Reyka vodka. During 2011, William Grant & Sons expanded its international presence by establishing a marketing office in Stockholm for the Nordic region and a new distribution hub in Singapore. Its recently established distribution companies in Colombia and Australia also contributed a fist full year of trading.

“Whilst 2011 saw some tough global economic conditions, the company performed well thanks to the continued success of our premium spirits brands and our consistent focus on building brand equity, improving our route to market and investing for the long-term,” says Stella David, chief executive of William Grant & Sons.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements