FDBusiness.com

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery

 Breaking News
  • British Brewers Decrease Their CO2 Emissions by 42% Total CO2 emissions from the UK’s brewing industry have fallen by 42% in the last decade (2008 to 2018) – a reduction of 202,952 tonnes – according to new research conducted by the British Beer & Pub Association (BBPA). The research also found that the energy used to brew a pint of beer in the [...]...
  • Small Irish Snack Manufacturer Secures Major Contract With Tesco Pinkfinch, a County Down-based fruit snacks supplier, has secured a major contract with Tesco Ireland, which will see an estimated 100,000 bags sold annually. From launching his business in his parent’s spare bedroom five years ago,  Pinkfinch founder Michael Heaslip (pictured) has grown his innovative product line across Ireland, the UK, Europe, and the Middle East,  with [...]...
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery
July 18
10:02 2017

Quintessential Brands has announced a major investment in the Dublin Liberties Distillery Company including new banking facilities. It has agreed an €18.3 million investment by Stock Spirits Group in return for a 25% equity interest in Quintessential Brands Irish Whiskey Ltd (QBIW). QBIW owns The Dublin Liberties and The Dubliner Irish Whiskey brands and last year announced the construction of a new state-of-the-art whiskey distillery and visitor experience in the Liberties area of Dublin. As part of the total €28 million investment in QBIW, a new comprehensive €10 million banking facility has been completed with Wells Fargo Bank.

Stock Spirits Group is a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe. The investment by Stock Spirits comprises an initial €15 million cash plus a further deferred cash consideration over a five-year period for the 25% equity interest. QBIW will use the investment primarily to complete the construction and fit out of the Dublin Liberties Distillery on Mill Street in Dublin 8, as well as to accelerate advertising and promotional investment in the brands underpinned by significant investment in stock maturation.

The Dubliner Irish Whiskey was recently confirmed as the fastest growing Irish whiskey globally. The range of products in The Dublin Liberties and The Dubliner Irish Whiskey portfolios currently sell in more than 30 countries with sales in excess of 32,000 cases (9L) in the 12 months to March 2017. Quintessential Brands acquired the Dublin Liberties Distillery in 2016 and has over the past 12 months developed designs for a unique distillery and visitors’ experience in the heart of Dublin. Construction on the Dublin Liberties Distillery started in January 2017 and it is due to open in 2018.

The QBIW senior executive management team of Darryl McNally (general manager and master distiller), Colin O’Neill (chief financial officer) and Sinead O’Frighil (global marketing director) will continue to lead the Dublin Liberties Distillery Company. It will be chaired by Quintessential Brands Group co-founder Warren Scott.

Warren Scott comments: “This investment and partnership with Stock Spirits comes at the beginning of a very exciting next phase in the development for our Irish whiskies. We are a brand-led business and both The Dublin Liberties and The Dubliner Irish Whiskey have developed great traction in more than 30 markets with significant potential for further growth and range expansion in the coming years.  We are delighted to be working with Stock Spirits and with the completion of the Dublin Liberties Distillery we will create a home for the brands and an exciting new visitor experience in the heart of Dublin.”

Darryl McNally says: “The growth in Irish whiskey has been phenomenal in recent years and shows no sign of abating.  Consumers want authenticity and provenance, as well as amazing product. The Dublin Liberties and The Dubliner Irish Whiskey consistently rank among the finest whiskeys in the world due to the care in their distilling and blending as well as the heritage they get from one of Dublin’s most famous – and infamous – areas.”

Darryl McNally.

Warren Scott confirms that the Dublin Liberties Distillery is scheduled to be completed in the Summer of 2018 and would be a significant tourist attraction to complement the considerable development and investment under way in the Liberties area of Dublin. The distillery will employ up to 15 people when fully operational and up to 40 people are involved in its design and construction.

Mirek Stachowicz, chief executive of Stock Spirits, says: “We are delighted to be partnering with Quintessential Brands in an exciting young whiskey business and to be adding these outstanding brands to our portfolio. We have already developed strong whiskey category management capabilities courtesy of our distribution agreements with our agency partners, and see these brands as being highly complementary to that platform. We see significant potential for the brands globally, including in our core markets of Poland and Czech Republic, and are confident that they will complement our strong market positions in vodka, herbal bitters, brandy and limoncello.  We are hopeful that this will be the start of a long and successful relationship with Quintessential Brands.”

Quintessential Brands also owns a portfolio of Irish creams and liqueurs brands together with a production and bottling facility in Abbeyleix, Co. Laois. Its brands include Feeney’s Irish Cream, O’Mara’s Country Cream, Brogan’s Irish Cream and O’Casey’s Irish Cream which, together with a range of other products, sell a total of 700,000 cases across 50 markets globally. Quintessential Brands employs a total of 51 people in Ireland.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

Jobs: Finance

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements