Chivas Brothers, a leading Scotch whiskey manufacturer, reported a 27% increase in sales in the Indian market in FY23, driven by new Scotch audiences and the premiumization of the market. India emerged as one of the top growing markets for the company, with brands like Glenlivet experiencing strong growth.
Originally posted by www.thisismoney.co.uk - Written by: Camilla Canocchi - Drinks giant Diageo has reported booming profits for the last year thanks to price rises and drinkers around the world turning to more expensive tipples.
Originally posted by www.moodiedavittreport.com - Written by: Camille Bersola - Bacardi Director of Blending, Scotch Whisky Stephanie Macleod has been named the Master Blender of the Year at the International Whisky Competition (IWC) 2023 for the fifth consecutive year.
Originally posted by www.insider.co.uk - Written by: Peter A Walker - Core revenue also up 22% to break the £1bn mark for the first time.
Originally posted by www.thespiritsbusiness.com - Written by: Nicola Carruthers - The UK has agreed to join a trade bloc of 11 countries, which will remove the 80% tariff on whisky exports to Malaysia.
Originally posted by www.thetimes.co.uk - Written by: Greig Cameron, Scottish Business Editor - Annual profits doubled for the owner of the Bunnahabhain single malt Scotch whisky, despite Covid restrictions during the period.
Originally posted by www.thespiritsbusiness.com - Written by: Nicola Carruthers - The CEO of Chivas Brothers has said the forthcoming UK-India trade deal could double the size of the Scotch whisky market in five years.
Originally Posted By www.thedrinksbusiness.com By: Eloise Feilden - In 2022, the value of Scotch whisky exports was up 37% by value to £6.2bn, despite economic headwinds, according to figures released today by the Scotch Whisky Association (SWA).
Originally Posted By www.nasdaq.com By: Eric Reed for SmartAsset - Whiskey isn't just a beloved spirit and cultural institution. It can also be a profitable investment. Just like wine, the culture and market around whiskey have made it a valuable product.
Originally Posted By www.scottishdailyexpress.co.uk By: John Glover - With the biggest changes to the UK's alcohol duty system in 140 years expected next year, the Treasury has said there will be no changes to the current rates until August 2023 at the earliest.