Whisky firm Whyte & Mackay may be back on the market soon – either in full or in part – according to some reports.
The Scotch whisky maker was purchased by Indian billionaire Vijay Mallya’s UB Group in 2007 for $1.2 billion, and both thedrinksbusiness.com and US site Shanken News Daily have reported rumours that executives at the Indian conglomerate are investigating the possibility of a sale.
Since being purchased by UB, Whyte & Mackay, which owns the Dalmore and Jura malts, has moved from bulk production for private label customers and concentrated instead on building their own brands.
However in the year to end March 2011, sales and profits at Whyte & Mackay both fell by more than 50%.
UB Group hit the headlines recently when their Kingfisher Airlines ran up debts of $1.3 billion. In addition to drinks interests, the company also has stakes in professional cricket, football and the Force India Formula One racing team.