Avallen to launch £250,000 fundraising drive

Calvados producer Avallen Spirits is looking to raise £250,000 (US$316,000) through crowdfunding to support the next phase of its growth. Healthy Hospo founder Tim Etherington-Judge and wine and spirits specialist Stephanie Jordan launched Calvados brand Avallen in April last year. The duo is now looking to raise funds to allow the company to hire a head of sales and a marketing director, and complete a carbon assessment to become recognised as a carbon neutral brand.…

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GlenAllachie gains £30m investment for global growth

Speyside distillery GlenAllachie has obtained a £30 million (US$38m) funding package to support its international expansion. The asset-based lending package is for a four-year period and came from Clydesdale Bank, with finance specialist HNH acting as an advisor. The money will be used to fund working capital and capital expenditure as the Scotch whisky distiller “continues to develop its brand around the world”. Based near Aberlour, The GlenAllachie Distillery is led by Billy Walker, former…

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