Edrington to sell Cutty Sark and Glenturret
Edrington Beam Suntory plans to put its Cutty Sark and Glenturret whisky brands up for sale in order to focus on its more premium brands.
In a statement, Edrington chief executive Ian Curle said: “Premium spirits is the fastest growing area of the spirits market. Focussing our resources and investment on the brands best equipped to compete powerfully will help Edrington to capitalise on the long term prospects from premium spirits.”
The Glenturret distillery in Scotland, which is home to the visitor centre for The Famous Grouse, will also be included in the sale.
The company plans to focus on its key products, which include The Macallan Highland Park, The Glenrothes and Brugal Rum.
The group recently opened a new distillery and visitor centre for The Macallan, part of an ongoing investment of £500m in the brand.