Rare whisky value grows faster than cars, art and wine

The Wealth Report’s luxury investment index found that the value of rare whisky has increased by more than five times during the past 10 years – faster than cars, art and wine. Produced by analysis firm Knight Frank, The Wealth Report found that rare whisky grew in value by 5% over 2019 and in the past 10 years has increased at a faster rate than cars, art and wine. The Wealth Report said that while…

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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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Nc’nean secures £1.7m in funding

Highland distillery Nc’nean has raised more than £1.7 million (US$2.2m) in funding to help accelerate its growth and support the launch of its first whisky this year. Nc’nean is based on the west coast of Scotland and was founded by Annabel Thomas and Derek Lewis in 2013. The site runs entirely on renewable energy. In December last year, the sustainable distillery launched a Seedrs campaign to raise £1 million (US$1.3m) to support further portfolio expansion,…

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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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Lakes Distillery sells stake to investment firm

Cumbria’s Lakes Distillery has sold a minority stake of its business to investment firm Comhar Capital for £4.25 million (US$5.5m) to support its growth plans. The funding will support the English producer’s ongoing investment programme and “continued growth” in maturing whisky stocks. It will also assist with investment in the distillery and visitor centre and will see production capacity triple to more than 1m bottles annually. Nigel Mills, co-founder and CEO of The Lakes Distillery,…

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