William Grant & Sons increased its full-year sales and profits last year, despite what it called “challenging global economic conditions”.
The privately-owned firm, which owns the Scotch brands Glenfiddich, Grant’s and The Balvenie, said today net sales in 2013 climbed by 5.2% to GBP1.12bn (US$1.82bn). Operating profits were up 10.6% to GBP138m in the same period.
William Grant declined to provide more detailed figures for last year when asked by just-drinks.
In today’s statement, Stella David, William Grant’s CEO, said: “Whilst 2013 saw some challenging global economic conditions, the company continued to perform well thanks to our consistent focus on brand building and investing for the long-term.”
Without giving specific details, the company praised the “phenomenal success” of Hendrick’s gin, saying the brand had achieved success through word of mouth, bartender endorsement and “careful nurturing”. It also said Glenfiddich maintained its position as the world’s biggest-selling single malt Scotch whisky and that The Balvenie single malt “continues to grow rapidly all around the world”.
William Grant director & former chairman Peter Gordon was one of about 120 signatories last month to a letter backing Scotland to remain part of the UK ahead of this month’s independence referendum. The company has publicly backed the pro-UK drive, donating money to the “No” cause.
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