Distil and BHC invest £60,000 in joint venture

RedLeg Spiced Rum owner Distil has entered into a joint venture with The British Honey Company (BHC) to create a range of botanical spirits. Following an investment of £30,000 (US$39,000) each from Distill and BHC, the two companies will jointly produce and market a new range of branded botanical spirits as they strive to capitalise on the “opportunity in accelerated innovation”. Through the collaboration, Distil and BHC will create new brands, liquids and formats. All…

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Diageo pays $5m fine over ‘misleading’ sales

The Securities and Exchange Commission (SEC) has fined Diageo US$5 million after its North American arm created a “misleading picture” of its financial results. According to the US securities regulator’s charges, in its 2014 and 2015 fiscal years, Diageo North America “pressured” distributors to buy excess inventory in order to meet internal sales targets in the face of declining market conditions. However, Johnnie Walker owner Diageo failed to disclose the excess stocks to investors, creating…

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Midleton Very Rare unveils Ireland’s ‘oldest’ whiskey range

Irish Distillers has revealed the first limited edition single malt in the Midleton Very Rare Silent Distillery Collection – a 45-year-old whiskey priced at US$40,000. The 45-year-old Midleton Very Rare Silent Distillery Chapter One is the first whiskey to be launched from the range. It is the first official release from the site in 16 years and contains some of the last drops from the distillery. The spirit used to make the single malt whiskey…

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Spencer Matthews gains $2m backing for low-ABV brand

Low- and no-alcohol producer The Clean Liquor Company, founded by former Made in Chelsea star Spencer Matthews, has secured US$2 million in funding to expand globally. The firm raised the US$2 million-plus seed round funding through international investment firm Lightspeed Venture Partners. The Clean Liquor Company was chosen by Lightspeed from 50 other competitors to “become the global leader in the low- and no-alcohol category”. Nicole Quinn, partner at Lightspeed Venture Partners, said: “I look…

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Ardbeg Blaaack marks 20 years of brand’s committee

Moët Hennessy has bottled a Pinot Noir cask-matured Ardbeg single malt to celebrate Ardbeg Day and 20 years of the Ardbeg Committee. The Pinot Noir casks used to mature Ardbeg Blaaack were sourced from New Zealand. The limited edition Scotch will be launched on Ardbeg Day, an annual celebration that will be held on 30 May 2020, the final Saturday of the Fèis Ìle music and whisky festival on Islay. The release will also mark…

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