Losses continue to mount at Dublin Liberties Distillery Accumulated losses rise to €5.4m for company which opened a distillery in 2019
about 4 hours ago
Dublin Liberties Distillery, whose whiskey brands include the Dubliner, reported a rise in losses last year.
The distillery reported a €1.17 million loss for the 12 months to the end of March 2020 to bring accumulated losses to €5.4 million.
The company, which has also guaranteed the liabilities of its immediate parent – Quintessential Brands Ireland Whiskey Limited – also had €14.9 million in outstanding loans to Wells Fargo Capital Finance.
The distillery is controlled by Quintessential, a company that sells a raft of drinks including gin, whiskey and Irish cream liquors. One-time investment banker Warren Scott and former Campari chief executive Enzo Vizone founded Quintessential in 2011.