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Lucas Bols and Edrington enter new venture for Belgium and Luxembourg - Drinks International

Lucas Bols and Edrington enter new venture for Belgium and Luxembourg - Drinks International
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Scotch whisky giant hails recovery from pandemic

SHARES in Scotch whisky giant Diageo closed up nearly four per cent after it flagged expectations of profit growth of “at least” 14 – ahead…

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Beam Suntory and Edrington switch distribution firms

Beam Suntory and Edrington switch distribution firms 12th May, 2021 by Nicola Carruthers Edrington and Beam Suntory have agreed to swap equity stakes in their jointly-owned distributions firms in the UK and Spain. Edrington produces The Macallan single malt whisky The Macallan owner Edrington will take full ownership of Edrington-Beam Suntory UK, while Beam Suntory will become the owner of Maxxium Spain. The agreement is effective from 2 August 2021, subject to regulatory approval. The move will allow both firms to ‘reduce complexity, improve agility, make decisive investments and expand opportunities for employees as both businesses become part of larger international companies’. In January last year, Beam Suntory’s parent company Suntory acquired a 10% stake in Edrington for an undisclosed sum.

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