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Scotch maker Chivas Brother reports 27% growth in India in FY23
Originally posted by retail.economictimes.indiatimes.com – New Delhi: Chivas Brothers, a leading manufacturer of Scotch whiskey, clocked a 27 per cent growth in sales in FY23 in the Indian market led by new Scotch audiences and premiumisation of the market. India in FY23 emerged as one of the “top growing markets” value-wise for the company, said its Chairman and CEO Jean Etienne Gourgues. Chivas Brothers follows the July-June financial year.
Diageo profits jump on price hikes and premium whisky demand
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.
Bacardi’s Stephanie Macleod captures ‘Master Blender of the Year’ title at International Whisky Competition 2023
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.
Edrington reports 43% rise in profits
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.
UK-CPTPP deal to axe 80% whisky tariff
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.
Distell doubles profits as whisky sales defy Covid
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.
UK-India FTA could double size of Scotch
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.
Scotch whisky exports hit record £6 billion in 2022
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).
How to Invest in Whiskey
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.
‘Win-win’ for Scotch whisky industry as UK Government extends alcohol duty freeze
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.