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William Grant toast strong 2013 results

Friday, September 05 14:43:34

William Grant and Sons, the global premium spirits brand owner that includes Ireland's Tullamore Dew, increased its turnover to Stg1.12bn in its full year 2013, up 5.2pc on the previous year.

Turnover on the Company's core brands increasing by 12.5pc year on year and it delivered a Group Operating Profit of Stg138.0 million for 2013, up 10.6pc from Stg124.8 million in 2012.

Despite what it said were some challenging global economic conditions, the company continued to strengthen its business by investing behind its brands and global infrastructure for the long term with the return of Tullamore Dew to its native home among the highlights for the group for 2014.

Of particular note has been the phenomenal success of Hendrick's gin, which has been built on word of mouth, bar tender endorsement and careful nurturing of the brand.

Stella David, William Grant and Sons' chief executive, 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. In short we want to inspire our consumers with our great liquids and the great stories our brands have to tell."

William Grant and Sons released two new whiskies in 2013; The Girvan Patent Still single grain Scotch and The Kininvie single malt Scotch.

The company's other brands include Monkey Shoulder triple malt Scotch, Reyka vodka, Solerno Blood Orange liqueur and premium tequila brand Milagro.

For more visit: www.businessworld.ie