Famous Grouse owners, Edrington, has reported an increase in profits and turnover. Its financial results for the year show that profit before tax increased to £168.6m, a rise of 13%, while turnover increased 6% to £591.3m.
Its brands include Famous Grouse, The Macallan, Highland Park, Cutty Sark, Brugal and Snow Leopard.
Famous Grouse is now the biggest-selling brand in Scotland and in the UK.
Sir Ian Good, Chairman of the group, revealed his retirement and welcomed Norman Murray as his successor. Sir Ian has been with Edrington since 1969.
Ian Curle, Chief Executive said in his statement, “Edrington continues to deliver strong financial performance, having reported another record year of trading as well as having reduced debt increased our brands’ presence in emerging markets and strengthened our route to market.” Curle said of Sir Ian’s departure, “Sir Ian will be remembered as the architect of Edrington’s transition from a small Scottish producer to a premium international spirits company. His vision, leadership and judgement have been an inspiration to those who follow in his footsteps.”
Edrington is privately owned by The Robertson Trust and employee shareholders, and distributes a portion of its profits to charities in Scotland.