William Grant posts £1.12 billion turnover5th September, 2014 by Lauren Eads
Hendricks Gin has helped boost the annual turnover of William Grant & Sons to a record £1.12 billion, a 5.2% increase on the previous year.
The “phenomenal success” of the super-premium gin brand was credited with helping to boost the company’s group operating profit to £138.0 million, up 10.6% from £124.8 million in 2012.
Despite some “challenging global economic conditions” the company said its brands continued to see growth worldwide with its Glenfiddich and The Balvenie brands performing particularly well.
Stella David, William Grant & Sons’ chief executive, said: “Whilst 2013 saw some challenging global economic conditions, the company continued to perform well thanks to our consistent focus on brand building and investing for the long-term. In short we want to inspire our consumers with our great liquids and the great stories our brands have to tell.”
William Grant & Sons released two new whiskies in 2013; The Girvan Patent Still single grain Scotch and The Kininvie single malt Scotch.
The company’s other brands include Monkey Shoulder triple malt Scotch, Reyka vodka, Solerno Blood Orange liqueur and premium tequila brand Milagro.