Edrington sees profits rise

Trade News

Famous Grouse

Famous Grouse

The maker of Scotland’s top-selling whisky is toasting 5.2% growth in profits to £148.8 million.

Edrington, who produce The Famous Grouse, as well as The Macallan and Highland Park malts, increased their turnover by only 0.5% in the same period – with sales growth in premium brands boosting the profitability of the group.

Like its competitors Diageo and Pernod Ricard, Edrington now intends to invest millions of pounds in its Scotch whisky business to meet growing international demand, reports The Herald newspaper.

The main recipient of the investment is likely to be their Macallan Distillery in Speyside according to the report, after the single malt brand increased profit by 40%.

Chief exec Ian Curle said: “The company is in a position to harness this potential through investment in our people, brands, route to market, and maturing inventory.

“In order to support this growth further significant investment is planned at our operational sites in Scotland and the Dominican Republic.”

The Dominican Republic is the home to their Brugal Caribbean rum brand.

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