Sliabh Liag Distillers hits €1.5m funding target

Irish spirits producer Sliabh Liag Distillers has surpassed its €1.5 million (US$1.7m) fundraising target in less than two weeks. In July 2020, the company said it aimed to raise €1.5m through a Crowdcube campaign to help build its new distillery in County Donegal. The fundraising drive, which opened on Wednesday 26 August, has raised £1,588,885 (US$2m) from 830 investors to date. Of the current investment, three existing stakeholders and former Sab Miller executives have pledged…

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Drinks industry deals top $12bn in Q3 2019

Drinks industry sales and acquisitions were valued at US$12.74 billion during the third quarter of 2019, according to new research from analyst Global Data. In the three months to September 2019, the value of these deals increased by 328.04% compared to the previous quarter. The figure was also 167.6% higher than the previous four-quarter average of US$4.76bn. The largest spirits company acquisition was Heaven Hill Brands’ US$266 million takeover of Black Velvet Distilling, which was…

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