Family owned distiller William Grant & Sons has reported turnover of £1,415m and profit of £248m after tax for the year ended 31 December 2021, an increase of 12% and 3.0% respectively from 2020.
These results were achieved despite significantly increased distribution costs to deliver products to markets during a time of supply disruption, which has been felt globally across the industry.
A spokesperson for William Grant & Sons commented, “Real progress has been demonstrated in 2021, and the continued resilience of team members in the face of adversity has created a powerful legacy for the future. The key to our long-term success lies in working together as one team, particularly with the supply chain challenges and unrest in the world that are again evident in 2022.”
It put its success down to helping to lead the on-trade rebound in hospitality following Covid closures by supporting the hospitality trade, re-building its presence, and activating brands.
It also created a new, state-of-the-art cooperage and liquid supply area at Girvan distillery in Scotland
Launches included a new ready-to-drink cocktail range, Batch & Bottle, the first cross-portfolio innovation, the launch of Glenfiddich Grand Couronne, a 26 Year Old whisky matured in American and European oak casks, then finished in French Cognac casks ad the launch of cross-portfolio direct-to-consumer eCommerce platform Clink*
In 2021, William Grant & Sons was named Distiller of the Year, for the sixth consecutive year, at the International Spirits Challenge (ISC).