Nearly 70 per cent of malt distilleries are ultimately owned by companies outside Scotland with wealthy people linked to the whisky industry including a French fashion billionaire, an Australian yoghurt tycoon, a Swiss philanthropist and Thailand’s richest man.
The Ferret can reveal that of the 126 Scots distilleries only a third (42) are owned by Scottish firms.
Companies based in Bermuda, Gibraltar, China, France, Japan, Philippines, Taiwan and Thailand are among those investing in an industry which was worth £3.8bn to the Scottish economy in 2020.
Foreign investment has been welcomed by some commentators. But others expressed concern that profit could flow out of Scotland and domestic industry be excluded.
Who owns Scotland s whisky revealed as nearly 70% owned by non-Scots firms
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PTT to buy European chemical maker for US$4 75bn
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Thai Real Estate Giant Bets Big On Tourism Rebound With $3.2 Billion Growth Plan
Courtesy of Asset World Corp.
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This story appears in the July 31, 2021 issue of Forbes Asia. Subscribe to Forbes Asia
Flush with cash from one of Thailand’s biggest IPOs, Asset World Corp. CEO Wallapa Traisorat is building new hotels and refurbishing tourist landmarks in hopes of a post-pandemic boom.
With Covid-19 still keeping foreign tourists away from Thailand’s pristine beaches and bustling cities, leaving more than 80% of hotel rooms unoccupied, one would expect the CEO of one of the country’s largest developers of hospitality, retail and office properties to hunker down. Instead, Wallapa Traisorat, CEO of Asset World Corp. (AWC), has mapped out a 100 billion baht ($3.2 billion) five-year growth plan to position her company for a post-pandemic tourism boom. “It’s a short-term impact that we are facing right now,” she says. “We see huge potentia