Scotch Malt Whisky Society eyes stock investment after £20m deal heraldscotland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldscotland.com Daily Mail and Mail on Sunday newspapers.
By Scott Wright THE owner of The Scotch Malt Whisky Society has revealed plans to ramp up investment in new stock after raising nearly £20 million of finance. The Artisanal Spirits Company has vowed to provide the Leith-based society’s thousands of members around the world with access to a wider range of spirits on the back of the funding boost. Artisanal, which acquired the society from the owner of The Glenmorganie Company, luxury goods business LVMH, in 2015, said it also plans to invest in new cask wood. The investment plans come shortly after Artisanal revealed in April that it was exploring a stock market flotation on the junior AIM listing. It said a float could raise its public profile and give it access to a wider pool of capital.
The SFWSC identifies the Best in Show, the highest accolade it bestows, for Best White Spirit, Best Whisky, Best Brandy and Best Liqueur. It also awards Best in Category awards across 79 different classes of spirits. Key spirit categories, like whisky or brandy, include numerous subcategories.
Georgie Crawford to join Elixir Distillers thespiritsbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thespiritsbusiness.com Daily Mail and Mail on Sunday newspapers.
SMWS owner names chair and eyes IPO 20th April, 2021 by Nicola Carruthers
The owner of the Scotch Malt Whisky Society (SMWS) has appointed Mark Hunter to the role of chair as the firm considers launching an initial public offering (IPO).
Mark Hunter has joined Artisanal Spirits Company as chair
Artisanal Spirits Company (ASC) owns SMWS, a membership organisation which bottles and sells single cask, single malt whisky.
Hunter takes over the role from Paul Skipworth, who will become deputy chair of the company.
Hunter’s career in the drinks industry spans more than 30 years. His most recent role was as president and CEO of brewing giant Molson Coors.