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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Dalmore 28yo Scotch marks Chinese New Year

Scotch whisky The Dalmore has bottled a 28-year-old single malt to mark Chinese New Year and simultaneously launched a celebratory gift pack for its King Alexander III expression. This Chinese New Year will begin on 25 January and marks the Year of the Rat. The 28-year-old Dalmore expression has been aged in American white oak ex-Bourbon casks and Graham’s Tawny Port pipes. Only 1,300 bottles have been created, with 300 earmarked for Asia travel retail.…

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Whisky at auction: Cask investment ‘not for the faint‐hearted’

Buying spirits to flip on the secondary market is an age-old practice. But as closing prices for collections at auction reach millions of pounds, The Spirits Business asks if collecting has evolved from a hobby into a safe-haven asset. *This feature was originally published in the October 2019 issue of The Spirits Business Just when you think whisky auction prices couldn’t possibly climb any higher, along came the “ultimate whisky collection”. Comprising 467 bottles and…

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Berry Bros bottles BenRiach for Chinese New Year

Wine and spirits merchant Berry Bros & Rudd has bottled a 2008 vintage BenRiach single malt Scotch to mark Chinese New Year – the Year of the Rat. Chinese New Year, the Chinese festival that marks the start of the Chinese calendar, will begin on 25 January, with 2020 being the Year of the Rat. Bottled at 58.3% ABV, the single malt whisky is limited to only 100 bottles, priced at £88 (US$115) per 700ml.…

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Cotswolds Distillery raises £1m for whisky expansion

The Cotswolds Distillery has surpassed its £1 million (US$1.3m) fundraising goal, which will enable the company to expand its whisky production. The English producer raised the cash through its Angel’s Share 2 fundraising platform, which opened on 2 December 2019. The crowdfunding campaign remains open to investors until 13 January 2020. A minimum investment of £1,012 (US$1,320) is required. Dan Szor, founder and CEO of The Cotswolds Distillery, said: “It is a very exciting time…

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