Losses Lessen At Tullamore Dew Parent Company

By Dave Simpson
Losses Lessen At Tullamore Dew Parent Company

Losses almost halved last year at the Irish subsidiary of Scottish drinks group William Grant & Sons as it transferred the bottling of Tullamore Dew whiskey to its Co. Offaly distillery.

As reported by The Irish Times, the group's pre-tax loss came to €698,000 last year, down from a loss of €1.34 million the previous year, while revenues rose 22% to €37 million and the number of people employed by the group grew from 56 to 64, with staff costs increasing 37% to €3.8 million.

Tullamore Dew Acquisition And Sales

William Grant and Sons acquired Tullamore Dew along with three other spirits for €300 million from C&C in 2010 and its Tullamore distillery is currently in the midst of a €25 million expansion. Global sales of Tullamore Dew grew 9% in 2017.

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