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."
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