Record profit for Glenfiddich maker William Grant
Scotch whisky distiller William Grant & Sons today raised a glass to record profits, helped by a return to sales growth.
The family-owned producer of brands including Glenfiddich, Balvenie and Grant’s said profits after tax grew 8.9 per cent to £147.4 million for 2015, “driven by strong volume and value growth across its core portfolio of premium spirit brands”.
A switch in its focus towards its core portfolio and away from the distribution of some third-party brands saw turnover increase 6.1 per cent to £882.5m.
That change in strategy had seen sales fall almost 17 per cent in 2014,... read more
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