News
The reopening of Scottish whisky distilleries for tourists
Diageo, owner of 12 whisky distilleries in Scotland and one of the largest players in the industry, has announced the start of phased opening of its visitor centers. They have been closed for the duration of the COVID-19 restrictions, and the current changes allow preparations for their...
The Scotch Malt Whisky Society is exploring possibility of IPO
Artisanal Spirits Company, owner of The Scotch Malt Whisky Society, a global association of Scotch single malt whisky lovers, associating over 28,000 members worldwide, considers going public after sales surge in 2020. The group reported very strong results for the previous year and is currently...
LVMH luxury wines and spirits sales higher than pre-pandemic
The wine and spirits sector of the French concern LVMH recorded a significant increase in sales in the first quarter of 2021. Organic revenues during this period increased by 36%, reaching over EUR 1.5 mln. Compared to the same period in 2019, organic revenue grew by 17%. This means that the...
UK seeks a free trade agreement with India
After Brexit, one of the key tasks of the British administration is supporting its’ most important industries, such as Scotch whisky. The United Kingdom is negotiating a free trade agreement with India, the third largest Scotch whisky export market by volume, to cut 150% customs duty on Scotch...
The market encourages innovation in the whisky industry
As reported by IWSR, changing market forces are encouraging whisky producers to change the way they brand or advertise their products. Increased demand from a rising middle class in markets such as India and China is straining the supply of high-aged whisky. This is a factor prompting producers...