UK: Scotch industry "delighted" at Indian arrival - W&M
The company, which was bought today (16 May) by UB for GBP595m (US$1.18bn) believes the entry of UB, owned by Indian billionaire Dr Vijay Mallya, will be "a benefit for all" of the Scotch industry.
Speaking exclusively to just-drinks, Whyte & Mackay managing director Bob Brannan said: "I'm certain that the whole Scotch whisky industry will be delighted with this deal. The industry sees Dr Mallya as being very influential in India, not only in business but also in Governmental communities.
"All will benefit from this," Brannan said.
While Brannan will remain as MD of the whisky business, and current CEO Vivian Imerman will stay on in an advisory capacity, UB will introduce one of its finance team and an individual from marketing to W&M. "We've got to know them both quite well over the last six-nine months," Brannan said.
When asked about the prospects for W&M's employees, Brannan highlighted Mallya's comments that the company would end up employing more people rather than less, as the potential for the Scotch business increases.
"It's a great move for the company, and a good price for both sides," Brannan concluded. "We'll obviously be very different in the future, but we'll be different for the better."
Persuading shareholders to back investment in the wine business can be a tricky challenge but AXA Millesimes has shown that if the business model is right, shareholders will embrace the idea. In this ...
Beam's acquisition of Teacher's and Laphroaig may not have attracted as much attention as some other elements of the Allied Domecq sell-off but as Michael Cockram, Scotch brand director at Beam Global...
Bacardi is looking to focus on the premium status of its Dewar's Scotch whisky portfolio, with the opening of a new facility in Scotland....
Bacardi has finalised a deal to buy a plot of land in Scotland as part of its expansion plans for the Dewar's Scotch whisky portfolio....
The Edrington Group has lined up a pre-Christmas television advertising campaign across the UK for its Scotch brand The Famous Grouse....
Ian Macleod Distillers has appointed a new director of travel retail....
Moët Hennessy Louis Vuitton (LVMH) has launched a new Glenmorangie single malt Scotch whisky range specifically targeted at India's growing affluent younger consumers....
Beam Global Spirits & Wine has launched a new single malt Scotch whisky on the UK market....
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory