Diageo weighs in on Scottish independence

Scotland remaining part of the European Union is “extremely important” for the Scotch whisky industry, but the decision rests with the “people of Scotland”, Diageo’s chief executive has said.

Diageo Ivan MenezesCEO Ivan Menezes said that Scotland remaining part of the European Union is important because of the benefit from “free-trade agreements around the world”, but that the decision on independence was for “the people of Scotland to make”.

He told the Wall Street Journal that possible changes to tax regulation and uncertainty over a future Scottish currency from independence could be damaging for Scotch whisky distillers.

“What we will fight for is keeping our industry competitive and thriving, and we are very clear on what that requires,” Menezes said.

He told the Journal that Diageo is speaking to both sides of the debate on Scottish independence. “We’re being very proactive in ensuring the health of this industry is protected,” he said.

“Unlike other businesses, we cannot pick up and leave Scotland,” Menezes said. “We’re there to stay.”

Diageo, whose Scotch brands include Johnnie Walker, J&B, Buchanan’s, Talisker and Lagavulinand, generates about a quarter of its £11.3 billion in total annual sales from Scotch and is the world’s largest producer of Scotch whisky.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Brand Marketing Assistant

Hatch Mansfield
Ascot, UK

Regional Account Manager

Scotland, UK

Retail Assistant Manager

The Whisky Exchange

Retail Supervisor

The Whisky Exchange

Retail Sales Advisor

The Whisky Exchange

Retail Manager

Friarwood Fine Wines
SW London, UK

Assistant Manager

Seven Cellars
Brighton, UK

Key Account Manager

MMI Dubai
Dubai, UAE

Head of Supply Chain

Lanson International UK Ltd
London W1, UK

The City Wine Show

London,United Kingdom
13th Apr 2018

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

19th May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more