Edrington has sold blended Scotch brand Cutty Sark to French spirits supplier La Martiniquaise-Bardinet for an undisclosed sum.
Berry Bros & Rudd launched Cutty Sark in 1923 and it has gone on to become one of the world’s most recognisable Scotch brands.
Edrington purchased it in 2010 and now it has sold it on to Glen Moray owner La Martiniquaise-Bardinet.
Jean-Pierre Cayard, president at La Martiniquaise-Bardinet, said it is now the world’s fifth largest spirits group, referencing IWSR data.
He added: “Cutty Sark perfectly complements our portfolio of international brands including Label 5, Sir Edward’s and Glen Moray Scotch whisky, Poliakov vodka, Porto Cruz and Negrita and Saint James rum.
“This acquisition is a major step forward to accelerate our international expansion.
“It will further strengthen our position in Europe and boost our presence in key markets such as the US & Japan. With Cutty Sark, we consolidate our position in Scotch whisky, entering in the world’s top five groups.”
Ian Curle, chief executive at Macallan and The Famous Grouse supplier Edrington, added: “Cutty Sark is a great Scotch Whisky and has been a worldwide whisky icon for the last 90 years.
“We are pleased to be transferring the brand to La Martiniquaise and know that it will thrive under their ownership. We wish them all the very best for the future with this great brand.”