Tariffs cause growth slowdown in US Scotch exports

Scotch whisky exports grew 4.4% to £4.91 billion (US$6.3bn) in 2019, with exports to the US falling by 25% during the fourth quarter following the implementation of tariffs on single malts. According to HMRC figures released by the Scotch Whisky Association (SWA), the volume of Scotch exports increased by 2.4% to 1.31bn 700ml bottles. The SWA said the growth was boosted by Asia and Africa, which grew by value by 9.8% and 11.3% respectively. The…

Continue Reading →

Big Peat 27 Years Old completes Vintage Series

Scotch whisky bottler Douglas Laing has concluded Big Peat’s The Vintage Series with the launch of a 27-year-old Islay blended malt. Big Peat 27 Years Old Black Edition joins the 26-year-old Platinum Edition, launched in 2018, and the 25-year-old Gold Edition, released in 2017. The Scotch whisky series was created to explore how a blend of aged single cask, single malts could change over three years. Bottled at 48.3% ABV, without chill filtration or caramel…

Continue Reading →

Cask investment firm revenue tops €10m in 2019

Cask investment company Whiskey and Wealth Club experienced its “most successful” year to date after revenue reached €10 million (US$11.1m) in 2019. The company, which has offices in Dublin, Ireland, and Richmond, England, offers investors the chance to purchase casks of new make spirit from distilleries, which are stored in a secure bonded warehouse before being bottled and sold, or matured for a longer period. In 2019, the firm also grew its number of staff…

Continue Reading →

Whisky distillery to open in Moffat after funding boost

Dark Sky Spirits has received £320,000 (US$415,000) in funding to build a whisky distillery in the Scottish town of Moffat. Dark Sky Spirits was one of three projects to receive funding from the South of Scotland Economic Partnership (SOSEP). The Scottish firm currently produces and bottles its flagship malt whisky, The Moffat, off-site. The investment will allow the producer to construct a distillery and bonded warehouse to reduce bottling and transportation costs, and begin blending.…

Continue Reading →

The biggest spirits stories of 2019

The industry has faced many pressing issues in 2019 and The Spirits Business has been there to cover the news in detail. Here, we highlight the most important stories that made headlines in the past 12 months. Last year saw a number of big companies hit the headlines including Diageo, which breathed a sigh of relief after it avoided strike action across its Scottish distilleries. However, the Johnnie Walker owner came under criticism after being…

Continue Reading →