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

As a coach for world-class clients across the globe, Sean has a unique perspective for any operator.

Leaders come together to share creative strategies and tactics as the industry reopens.

Kyle Noonan shares what the reopening process has looked like the last few weeks in the state of Texas.