William Grant & Sons Acquires Drambuie Liqueur

Source: Shanken News Daily

William Grant & Sons Aquire Drambuie

William Grant & Sons has bolstered its liqueurs stable with the acquisition of Drambuie Liqueur Company Ltd. and its namesake brand. The seller was Scotland’s MacKinnon family and the price was undisclosed, although there was speculation earlier this summer that bids would be in the area of £100 million ($161m).

Known for its part in the Rusty Nail cocktail, Drambuie—whose history dates to 1745—posted net sales down 3% to £22 million ($37m) in its full fiscal year to June 2013. According to Impact Databank, the brand was down 12% to 61,000 cases in the U.S. in 2013, where it’s currently handled by Bacardi USA.

. . .

To continue reading go to Shanken News Daily

Read more on

Suggested Articles

Research from the latest National Restaurant Association and Yelp Show the Latest Rate in Closures

Six-month sales, education and networking virtual event series offers a brand-new approach for the industry to connect with owners, operators and supp

Governor Andrew Cuomo announced today that at the end of the month, indoor dining will be returning to New York City after almost six months of being