Suntory acquires 10% stake in Macallan owner

Japanese drinks group Suntory has bought 10% of the shares in Edrington, the owner of whisky brands including The Macallan, Highland Park and The Famous Grouse, for an undisclosed sum.

The two companies have worked together since the early 1990s. Suntory is a shareholder in The Macallan and distributes several brands from Edrington portfolio in markets including Japan, Germany, Canada and South Africa, and through joint ventures in the UK, Spain and Russia.

Edrington and Suntory co-own whisky and Cognac distributor Edrington-Beam Suntory UK, formerly known Maxxium UK.

In a statement, Edrington said the investment would provide “an inflow of funds to Edrington’s principal shareholder, The Robertson Trust, which will allow it to give more to good causes across Scotland”.

Commenting on the news, Scott McCroskie, Edrington CEO, said: “Edrington has a successful long-standing strategic partnership with Suntory. We share a similar ethos and the same passion for craftsmanship, innovation and quality in our brands. We look forward to cementing and building this deep relationship over the coming years.”

Edrington employs over 3,500 people and its portfolio is present in over 100 countries.

It follows news of the closure of Edrington’s operations in Korea by the end of March this year.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Trade Marketing Manager

Boisset La Famille des Grands Vins
London, UK

Senior Export Sales Manager (Beer)

Protege International Group Cyprus Ltd
London, UK

Accountant

Lanka Premium Beverages
Colombo, Sri Lanka

Marketing Executive

IWSC & Club Oenologique
London, UK

Sales Manager

Alliance Wine
Glasgow, UK

Sales Specialist

Spiritrade
London, UK

Sales and Business Development Manager (Spirits)

Protege International Group Cyprus Ltd
London, UK

Business Developer Europe

Vivino
Copenhagen, Denmark or Haarlem, Netherlands

Wine Sales Administration & Customer Service Assistant

Waddesdon Wine
Waddesdon, Aylesbury, UK

On Trade Sales Manager

Sekforde Drinks Ltd
London

OenoTrade Portfolio Tasting 2020

London,United Kingdom
26th Feb 2020

Wines of Portugal Annual Tasting 2020

London,United Kingdom
27th Feb 2020

Sangiovese Reset

London,United Kingdom
3rd Mar 2020
Click to view more