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Drinks

Losses Lessen At Tullamore Dew Parent Company

By Dave Simpson

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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© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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