Wm Grant & Sons has revealed it had increased its turnover to £1.12bn and delivered a Group Operating Profit of £138m for 2013, up 10.6% from £124.8m in 2012. Then it revealed it had bought Drambuie. The whisky liqueur was put up for sale earlier this year with a £100m price tag.
William Grant & Sons’ Chief Executive, Stella David, commenting on the purchase said; “We have a passion and a reputation for nurturing and building brands. Drambuie is a natural fit for our portfolio, it has a very rich history and a great story to tell and we are delighted to be in a position to start to re-engage with existing drinkers and to connect the brand with an entirely new generation of consumers.” To conclude, the company, which owns Tullamore D.E.W. Irish Whiskey, officially opened its new state-of-the-art whiskey distillery in Tullamore, Co Offaly, Ireland. Whew!